Is Chamblee, 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, Chamblee has remained a Seller's Market.
Key Takeaway
Chamblee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chamblee, GA
How much do homes in Chamblee, GA cost?
Median Sold Price
$638,750
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Chamblee have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in Chamblee was $638,750 in May 2024, up 10.1% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.9K | $240K | -3.2% |
| 2 Bedrooms | $343K | $335K | -2.3% |
| 3 Bedrooms | $570K | $633.7K | +11.2% |
| 4 Bedrooms | $640K | $662.5K | +3.5% |
| 5+ Bedrooms | $1.2M | $1.3M | +6.1% |
Summary: Chamblee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 6.1%.
Median Sold Price Compared To Nearby Cities
| Chamblee | $580K | $638.7K | +10.1% |
| Chamblee-Doraville | $589K | $624K | +5.9% |
| Doraville | $380K | $390K | +2.6% |
Housing Supply in Chamblee, GA
How many homes are available in Chamblee, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 45 | 37 | -17.8% |
Summary: The Chamblee real estate market had 37 homes for sale in May 2024, a 17.8% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 0 | -100.0% |
| 2 Bedrooms | 15 | 14 | -6.7% |
| 3 Bedrooms | 15 | 11 | -26.7% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Chamblee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 26.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 8 | -55.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chamblee, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Chamblee in May 2024, down by 55.6% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Chamblee, GA
How long does it take to sell a home in Chamblee, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 10 Days | 35 Days | +251.3% |
Summary: Homes in Chamblee had an average of 35 days on market in May 2024, up by 251.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chamblee are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Chamblee; 75% of homes were sold within 30 days, 0% 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.