$4,334 Closing Credit*
$365,000
1,780 SqFt
3 Beds
•2 Full Baths
Vickie Lester, Listing Office: Vickie Lester Realty, LLC
Is Lithonia, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Lithonia was a Seller's Market.
Key Takeaway
Lithonia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lithonia, GA
How much do homes in Lithonia, GA cost?
Median Sold Price
$269,854
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$573(+0.2%)
Key Takeaway
The sold price of homes in Lithonia has remained the same since last year.
Summary: The median home sold price in Lithonia was $269,854 in November 2024, up 0.2% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $92.5K | +105.6% |
| 2 Bedrooms | $178.5K | $145K | -18.8% |
| 3 Bedrooms | $259.5K | $249.9K | -3.7% |
| 4 Bedrooms | $318.3K | $303K | -4.8% |
| 5+ Bedrooms | $385K | $385K | 0.0% |
Summary: Lithonia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 105.6%, 2 bedroom homes decreased by 18.8%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes did not change.
Housing Supply in Lithonia, GA
How many homes are available in Lithonia, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 694 | 732 | +5.5% |
Summary: The Lithonia real estate market had 732 homes for sale in November 2024, a 5.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 61 | 67 | +9.8% |
| 3 Bedrooms | 379 | 386 | +1.8% |
| 4 Bedrooms | 168 | 180 | +7.1% |
| 5+ Bedrooms | 86 | 99 | +15.1% |
Summary: The Lithonia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 15.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 102 | 96 | -5.9% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lithonia, you may be able to get a good deal. 40.2% of homes here sold below asking price last month.
Summary: A total of 96 homes were sold or pending in Lithonia in November 2024, down by 5.9% month-over-month. Of the 92 sold homes, 40% were sold under asking, 28% were sold at asking, and 32% were sold over asking.
Days on Market for Lithonia, GA
How long does it take to sell a home in Lithonia, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 56 Days | +136.5% |
Summary: Homes in Lithonia had an average of 56 days on market in Nov 2024, up by 136.5% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lithonia has remained consistent over time.
Summary: During November 2024, 96 homes were sold in Lithonia; 38% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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