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Lilburn Home Prices on the Rise Again

With a shortage of homes on the market, home prices are steadily going up.

This seems to be a common theme.  Prices are up again. The median price of homes, that is the price where nearly half of the homes sold for, is up 7.6 percent over 2011's third quarter.

The average median price is up to $186,100. 

Many areas are seeing housing shortages, including right here in our backyard.  The shortage may lead to inflated prices, given that total home sales are up 10.3 percent when compared to third quarter last year. 

Where does Lilburn compare? Let's see:

Inside the Numbers of 2012

Average price for a home in Lilburn: $127,543 for 2012 so far. 
Average days on the market: 74
Most expensive home sold:  $501,000

Featured Home:

Lilburn Home/Brookwood School District: four bedrooms, two and a half bathrooms, $214,900

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