Is Atlanta-Decatur, 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, Atlanta-Decatur has remained a Seller's Market.
Key Takeaway
Atlanta-Decatur is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Atlanta-Decatur, GA
How much do homes in Atlanta-Decatur, GA cost?
Median Sold Price
$349,908
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Atlanta-Decatur has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $239.4K | $240K | 0.2% |
| 2 Bedrooms | $279.9K | $288.2K | +3.0% |
| 3 Bedrooms | $327.9K | $319.9K | -2.4% |
| 4 Bedrooms | $399.8K | $399.4K | -0.1% |
| 5+ Bedrooms | $645.2K | $577.8K | -10.4% |
Summary: Atlanta-Decatur housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes decreased by 10.4%.
Median Sold Price Compared To Nearby Cities
| Clarkston | $282.5K | $306K | +8.3% |
| Pine Lake | $331K | $340K | +2.7% |
| Atlanta-Decatur | $350K | $349.9K | 0% |
| Decatur | $338.7K | $329.9K | -2.6% |
| Avondale Estates | $575K | $500K | -13.0% |
Housing Supply in Atlanta-Decatur, GA
How many homes are available in Atlanta-Decatur, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2,348 | 2,642 | +12.5% |
Summary: The Atlanta-Decatur real estate market had 2,642 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 61 | 57 | -6.6% |
| 2 Bedrooms | 270 | 322 | +19.3% |
| 3 Bedrooms | 1,116 | 1,234 | +10.6% |
| 4 Bedrooms | 646 | 727 | +12.5% |
| 5+ Bedrooms | 255 | 302 | +18.4% |
Summary: The Atlanta-Decatur housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 18.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 539 | 531 | -1.5% |
Asking Price vs. Sold Price
207 Homes Were Sold
Under Asking
121 Homes Were Sold
At Asking
174 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Atlanta-Decatur, you may be able to get a good deal. 41.2% of homes here sold below asking price last month.
Summary: A total of 531 homes were sold or pending in Atlanta-Decatur in May 2024, down by 1.5% month-over-month. Of the 502 sold homes, 41% were sold under asking, 24% were sold at asking, and 35% were sold over asking.
Days on Market for Atlanta-Decatur, GA
How long does it take to sell a home in Atlanta-Decatur, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 31 Days | +13.6% |
Summary: Homes in Atlanta-Decatur had an average of 31 days on market in May 2024, up by 13.6% compared to last year.
Breakdown of Home Sale Times
374 Homes Were Sold
Under 30 Days
106 Homes Were Sold
In 30 - 90 Days
51 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Atlanta-Decatur are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 531 homes were sold in Atlanta-Decatur; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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.