Is LaGrange, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, LaGrange has remained a Seller's Market.
Key Takeaway
LaGrange is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in LaGrange, GA
How much do homes in LaGrange, GA cost?
Median Sold Price
$260,250
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in LaGrange have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in LaGrange was $260,250 in May 2024, up 6.5% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $45K | $45K | 0.0% |
| 2 Bedrooms | $90K | $132.5K | +47.2% |
| 3 Bedrooms | $210K | $235K | +11.9% |
| 4 Bedrooms | $328.8K | $360K | +9.5% |
| 5+ Bedrooms | $389K | $439.9K | +13.1% |
Summary: LaGrange housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 47.2%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
| West Point | $183.7K | $225K | +22.5% |
| Hillcrest | $257.4K | $310.3K | +20.6% |
| LaGrange | $244.3K | $260.2K | +6.5% |
Housing Supply in LaGrange, GA
How many homes are available in LaGrange, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 215 | 225 | +4.7% |
Summary: The LaGrange real estate market had 225 homes for sale in May 2024, a 4.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 21 | 17 | -19.0% |
| 3 Bedrooms | 94 | 104 | +10.6% |
| 4 Bedrooms | 77 | 76 | -1.3% |
| 5+ Bedrooms | 20 | 25 | +25.0% |
Summary: The LaGrange housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 19%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 66 | +40.4% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in LaGrange, you may be able to get a good deal. 50.9% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in LaGrange in May 2024, up by 40.4% month-over-month. Of the 57 sold homes, 51% were sold under asking, 39% were sold at asking, and 11% were sold over asking.
Days on Market for LaGrange, GA
How long does it take to sell a home in LaGrange, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 29 Days | +8.6% |
Summary: Homes in LaGrange had an average of 29 days on market in May 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in LaGrange are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 66 homes were sold in LaGrange; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 6% 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.