$4,036 Closing Credit*
$339,900
868 SqFt
3 Beds
•2 Full Baths
Bal Allay, Listing Office: Virtual Properties Realty.com
Is Stone Mountain, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Stone Mountain has remained a Seller's Market.
Key Takeaway
Stone Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Stone Mountain, GA
How much do homes in Stone Mountain, GA cost?
Median Sold Price
$291,918
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$7,180(+2.5%)
Key Takeaway
Homes in Stone Mountain have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Stone Mountain was $291,918 in October 2024, up 2.5% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101.5K | $110K | +8.4% |
| 2 Bedrooms | $174.2K | $190.8K | +9.6% |
| 3 Bedrooms | $273K | $271.5K | -0.5% |
| 4 Bedrooms | $315K | $330K | +4.8% |
| 5+ Bedrooms | $396.9K | $413K | +4.0% |
Summary: Stone Mountain housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 9.6%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 4%.
Housing Supply in Stone Mountain, GA
How many homes are available in Stone Mountain, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 642 | 710 | +10.6% |
Summary: The Stone Mountain real estate market had 710 homes for sale in October 2024, a 10.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 64 | 63 | -1.6% |
| 3 Bedrooms | 273 | 300 | +9.9% |
| 4 Bedrooms | 207 | 241 | +16.4% |
| 5+ Bedrooms | 96 | 103 | +7.3% |
Summary: The Stone Mountain housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 7.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 126 | 129 | +2.4% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stone Mountain, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.
Summary: A total of 129 homes were sold or pending in Stone Mountain in October 2024, up by 2.4% month-over-month. Of the 116 sold homes, 54% were sold under asking, 25% were sold at asking, and 21% were sold over asking.
Days on Market for Stone Mountain, GA
How long does it take to sell a home in Stone Mountain, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 52 Days | +96.5% |
Summary: Homes in Stone Mountain had an average of 52 days on market in Oct 2024, up by 96.5% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
20 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stone Mountain are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 129 homes were sold in Stone Mountain; 44% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 16% 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.