$2,494 Closing Credit*
$210,000
1,004 SqFt
3 Beds
•2 Full Baths
Stenisha Reed, Listing Office: Solutions First Realty, LLC.
Is Stone Mountain, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$294,626
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,457(+4.0%)
Key Takeaway
Homes in Stone Mountain have sold for 4% more than they did a year ago.
Summary: The median home sold price in Stone Mountain was $294,626 in November 2024, up 4% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108K | $110K | +1.9% |
| 2 Bedrooms | $174.2K | $192K | +10.2% |
| 3 Bedrooms | $271K | $274.8K | +1.4% |
| 4 Bedrooms | $315K | $333K | +5.7% |
| 5+ Bedrooms | $405K | $405K | 0.0% |
Summary: Stone Mountain housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes did not change.
Housing Supply in Stone Mountain, GA
How many homes are available in Stone Mountain, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 664 | 677 | +2.0% |
Summary: The Stone Mountain real estate market had 677 homes for sale in November 2024, a 2.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 56 | 61 | +8.9% |
| 3 Bedrooms | 280 | 273 | -2.5% |
| 4 Bedrooms | 231 | 235 | +1.7% |
| 5+ Bedrooms | 94 | 105 | +11.7% |
Summary: The Stone Mountain 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 8.9%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 11.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 131 | 127 | -3.1% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
27 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. 46.1% of homes here sold below asking price last month.
Summary: A total of 127 homes were sold or pending in Stone Mountain in November 2024, down by 3.1% month-over-month. Of the 115 sold homes, 46% were sold under asking, 30% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 44 Days | +101.5% |
Summary: Homes in Stone Mountain had an average of 44 days on market in Nov 2024, up by 101.5% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
21 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 November 2024, 127 homes were sold in Stone Mountain; 52% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
Based on information from the Georgia MLS © 2024. 
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