$3,800 Closing Credit*
$320,000
2,085 SqFt
3 Beds
•2 Full Baths, 1 Partial
Justin Bridges, Listing Office: Virtual Properties Realty.com
Is Lithonia, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$269,994
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$959(+0.4%)
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 $269,994 in October 2024, up 0.4% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $68.7K | N/A |
| 2 Bedrooms | $175K | $149.5K | -14.6% |
| 3 Bedrooms | $258K | $250K | -3.1% |
| 4 Bedrooms | $320K | $305K | -4.7% |
| 5+ Bedrooms | $385K | $385K | 0.0% |
Summary: Lithonia 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 14.6%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 4.7%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 705 | 786 | +11.5% |
Summary: The Lithonia real estate market had 786 homes for sale in October 2024, a 11.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 50 | 68 | +36.0% |
| 3 Bedrooms | 374 | 436 | +16.6% |
| 4 Bedrooms | 188 | 191 | +1.6% |
| 5+ Bedrooms | 93 | 91 | -2.2% |
Summary: The Lithonia 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 increased by 36%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 2.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 100 | -3.8% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lithonia, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
Summary: A total of 100 homes were sold or pending in Lithonia in October 2024, down by 3.8% month-over-month. Of the 95 sold homes, 42% were sold under asking, 23% were sold at asking, and 35% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 60 Days | +60.1% |
Summary: Homes in Lithonia had an average of 60 days on market in Oct 2024, up by 60.1% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lithonia are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 100 homes were sold in Lithonia; 38% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.