Is Lavonia, 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, Lavonia has remained a Seller's Market.
Key Takeaway
Lavonia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lavonia, GA
How much do homes in Lavonia, GA cost?
Median Sold Price
$296,900
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lavonia have sold for 12.2% more than they did a year ago.
Summary: The median home sold price in Lavonia was $296,900 in May 2024, up 12.2% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132K | - | N/A |
| 2 Bedrooms | $179.5K | $156.9K | -12.6% |
| 3 Bedrooms | $245K | $281K | +14.7% |
| 4 Bedrooms | $324.5K | $460K | +41.7% |
| 5+ Bedrooms | $550K | $740K | +34.5% |
Summary: Lavonia 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 decreased by 12.6%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 34.5%.
Median Sold Price Compared To Nearby Cities
| Canon | $200K | $229.9K | +14.9% |
| Lavonia | $264.5K | $296.9K | +12.2% |
| Martin | $288.4K | $322.5K | +11.8% |
Housing Supply in Lavonia, GA
How many homes are available in Lavonia, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 73 | 81 | +11.0% |
Summary: The Lavonia real estate market had 81 homes for sale in May 2024, a 11.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 40 | 51 | +27.5% |
| 4 Bedrooms | 15 | 13 | -13.3% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Lavonia 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 remained the same, 3 bedroom homes increased by 27.5%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 20 | +42.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lavonia, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Lavonia in May 2024, up by 42.9% month-over-month. Of the 15 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.
Days on Market for Lavonia, GA
How long does it take to sell a home in Lavonia, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 52 Days | +62.1% |
Summary: Homes in Lavonia had an average of 52 days on market in May 2024, up by 62.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lavonia are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Lavonia; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.