Is Lithia, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lithia is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Lithia has remained a Seller's Market.

Key Takeaway

Lithia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lithia, FL

How much do homes in Lithia, FL cost?

Median Sold Price

$550,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,000(+4.4%)

Key Takeaway

Homes in Lithia have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Lithia was $550,000 in October 2024, up 4.4% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $282.5K$272K
-3.7%
3 $382.5K$412.5K
+7.8%
4 $599.9K$575K
-4.2%
5+ $861K$690.6K
-19.8%

Summary: Lithia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 19.8%.

Median Sold Price Compared To Nearby Cities

Lithia
+4.4%
Wimauma-Riverview
+2.5%
Valrico
+1.2%
Brandon
0.5%

Housing Supply in Lithia, FL

How many homes are available in Lithia, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
187142-24.1%

Summary: The Lithia real estate market had 142 homes for sale in October 2024, a 24.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1411
-21.4%
3 3228
-12.5%
4 8359
-28.9%
5+ 5844
-24.1%

Summary: The Lithia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 28.9%, and 5+ bedroom homes decreased by 24.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5529-47.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lithia, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Lithia in October 2024, down by 47.3% month-over-month. Of the 29 sold homes, 62% were sold under asking, 34% were sold at asking, and 3% 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

Oct 2023Oct 2024CHANGE
51 Days57 Days+10.0%

Summary: Homes in Lithia had an average of 57 days on market in Oct 2024, up by 10% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lithia has remained consistent over time.

Summary: During October 2024, 29 homes were sold in Lithia; 38% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Lithia, FL

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