$4,038 Closing Credit*
$340,000
1,731 SqFt
4 Beds
•3 Full Baths
Tanya Pickens, Listing Office: Opendoor Brokerage, LLC
Is Lula, 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, Lula was a Seller's Market.
Key Takeaway
Lula 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 Lula, GA
How much do homes in Lula, GA cost?
Median Sold Price
$325,000
$180/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Lula has remained the same since last year.
Summary: The median home sold price in Lula was $325,000 in November 2024, the same as last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $330K | $240K | -27.3% |
| 3 Bedrooms | $295K | $300K | +1.7% |
| 4 Bedrooms | $369.1K | $400K | +8.4% |
| 5+ Bedrooms | $650K | $700K | +7.7% |
Summary: Lula 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 27.3%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 7.7%.
Housing Supply in Lula, GA
How many homes are available in Lula, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 65 | 59 | -9.2% |
Summary: The Lula real estate market had 59 homes for sale in November 2024, a 9.2% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 36 | 33 | -8.3% |
| 4 Bedrooms | 19 | 18 | -5.3% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Lula 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 remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lula, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Lula in November 2024, down by 33.3% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for Lula, GA
How long does it take to sell a home in Lula, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 64 Days | +10.6% |
Summary: Homes in Lula had an average of 64 days on market in Nov 2024, up by 10.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lula has remained consistent over time.
Summary: During November 2024, 10 homes were sold in Lula; 30% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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