$3,859 Closing Credit*
$325,000
2,030 SqFt
3 Beds
•2 Full Baths
Mary Ann Wells, Listing Office: Benham Realty Group
Is Lamar County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Lamar County has remained a Seller's Market.
Key Takeaway
Lamar County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lamar County, GA
How much do homes in Lamar County, GA cost?
Median Sold Price
$267,990
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$24,333(+10.0%)
Key Takeaway
Homes in Lamar County have sold for 10% more than they did a year ago.
Summary: The median home sold price in Lamar County was $267,990 in November 2024, up 10% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $138.5K | N/A |
| 2 Bedrooms | $85K | $155.7K | +83.2% |
| 3 Bedrooms | $240K | $245K | +2.1% |
| 4 Bedrooms | $262.8K | $369K | +40.4% |
| 5+ Bedrooms | $322.5K | $412K | +27.8% |
Summary: Lamar County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 83.2%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 40.4%, and 5+ bedroom homes increased by 27.8%.
Median Sold Price Compared To Nearby Counties
| Lamar County | $243.6K | $267.9K | +10.0% |
| Spalding County | $249.9K | $268.2K | +7.3% |
| Pike County | $350K | $375K | +7.1% |
| Monroe County | $347.5K | $352.2K | +1.4% |
| Butts County | $280.5K | $280K | -0.2% |
Housing Supply in Lamar County, GA
How many homes are available in Lamar County, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 106 | 96 | -9.4% |
Summary: The Lamar County real estate market had 96 homes for sale in November 2024, a 9.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 12 | 9 | -25.0% |
| 3 Bedrooms | 46 | 40 | -13.0% |
| 4 Bedrooms | 41 | 42 | +2.4% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Lamar County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 13%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lamar County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Lamar County in November 2024, up by 17.6% month-over-month. Of the 16 sold homes, 50% were sold under asking, 38% were sold at asking, and 13% were sold over asking.
Days on Market for Lamar County, GA
How long does it take to sell a home in Lamar County, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 44 Days | +200.3% |
Summary: Homes in Lamar County had an average of 44 days on market in Nov 2024, up by 200.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lamar County has remained consistent over time.
Summary: During November 2024, 20 homes were sold in Lamar County; 30% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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