Is Avondale Estates, 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, Avondale Estates has remained a Seller's Market.
Key Takeaway
Avondale Estates is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Avondale Estates, GA
How much do homes in Avondale Estates, GA cost?
Median Sold Price
$500,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Avondale Estates have sold for 13% less than they did a year ago.
Summary: The median home sold price in Avondale Estates was $500,000 in May 2024, down 13% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | $235K | +2.2% |
| 3 Bedrooms | $502.5K | $510K | +1.5% |
| 4 Bedrooms | $717K | $745.6K | +4.0% |
| 5+ Bedrooms | $740.7K | $1.0M | +37.0% |
Summary: Avondale Estates 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 2.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 37%.
Median Sold Price Compared To Nearby Cities
| Atlanta-Decatur | $350K | $349.9K | 0% |
| Avondale Estates | $575K | $500K | -13.0% |
Housing Supply in Avondale Estates, GA
How many homes are available in Avondale Estates, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 39 | +5.4% |
Summary: The Avondale Estates real estate market had 39 homes for sale in May 2024, a 5.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Avondale Estates 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 remained the same, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 15 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Avondale Estates, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Avondale Estates in May 2024, up by 150.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for Avondale Estates, GA
How long does it take to sell a home in Avondale Estates, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 13 Days | 12 Days | -6.7% |
Summary: Homes in Avondale Estates had an average of 12 days on market in May 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Avondale Estates are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Avondale Estates; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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