The housing market in Lanett continues to see strong price appreciation, with values up 120.6% compared to last year. Home prices have increased 41.2% in the past month alone. With 4.3 months of supply, Lanett's inventory levels remain relatively tight. Properties are selling within just 32 days on average, much faster than the historical norm of 140 days. A significant 30.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Lanett market with the affordability index at 184.5. Based on current market indicators, home prices in Lanett are projected to increase by approximately 17.3% over the next month.