Is Lithia, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lithia has remained a Seller's Market.
Housing Prices in Lithia, FL
How much do homes in Lithia, FL cost?
Median Sold Price
$526,975
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lithia was $526,975 in May 2024, down 2% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $280K | $285K | +1.8% |
3 Bedrooms | $380K | $400K | +5.3% |
4 Bedrooms | $601.7K | $587.4K | -2.4% |
5+ Bedrooms | $842.5K | $855.9K | +1.6% |
Summary: Lithia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
Brandon | $365K | $371.4K | +1.8% |
Wimauma-Riverview | $407.3K | $409.9K | +0.6% |
Valrico | $424K | $425K | 0.2% |
Lithia | $538K | $526.9K | -2.0% |
Housing Supply in Lithia, FL
How many homes are available in Lithia, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
211 | 233 | +10.4% |
Summary: The Lithia real estate market had 233 homes for sale in May 2024, a 10.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 49 | 51 | +4.1% |
4 Bedrooms | 102 | 107 | +4.9% |
5+ Bedrooms | 51 | 67 | +31.4% |
Summary: The Lithia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 31.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 74 | +68.2% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 74 homes were sold or pending in Lithia in May 2024, up by 68.2% month-over-month. Of the 74 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.
Days on Market for Lithia, FL
How long does it take to sell a home in Lithia, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 30 Days | +17.5% |
Summary: Homes in Lithia had an average of 30 days on market in May 2024, up by 17.5% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 74 homes were sold in Lithia; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.