$4,156 Closing Credit*
$350,000
2,714 SqFt
5 Beds
•3 Full Baths, 1 Partial
Yvette Tatem, Listing Office: Ken Lucas Realty, LLC.
Is Lovejoy, 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, Lovejoy was a Seller's Market.
Key Takeaway
Lovejoy is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lovejoy, GA
How much do homes in Lovejoy, GA cost?
Median Sold Price
$300,300
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$14,700(-4.7%)
Key Takeaway
Homes in Lovejoy have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Lovejoy was $300,300 in November 2024, down 4.7% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $212K | $185K | -12.7% |
| 3 Bedrooms | $265K | $257K | -3.0% |
| 4 Bedrooms | $324.9K | $319.9K | -1.5% |
| 5+ Bedrooms | $353.4K | $354.5K | 0.3% |
Summary: Lovejoy 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 decreased by 12.7%, 3 bedroom homes decreased by 3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 0.3%.
Housing Supply in Lovejoy, GA
How many homes are available in Lovejoy, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 106 | -0.9% |
Summary: The Lovejoy real estate market had 106 homes for sale in November 2024, a 0.9% decrease 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 47 | 42 | -10.6% |
| 4 Bedrooms | 48 | 53 | +10.4% |
| 5+ Bedrooms | 12 | 10 | -16.7% |
Summary: The Lovejoy 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 100%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lovejoy, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Lovejoy in November 2024, down by 5.6% month-over-month. Of the 14 sold homes, 29% were sold under asking, 50% were sold at asking, and 21% were sold over asking.
Days on Market for Lovejoy, GA
How long does it take to sell a home in Lovejoy, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 82 Days | 83 Days | +1.5% |
Summary: Homes in Lovejoy had an average of 83 days on market in Nov 2024, up by 1.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Lovejoy are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 17 homes were sold in Lovejoy; 24% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.
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