Is College Park, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, College Park was a Seller's Market.
Housing Prices in College Park, GA
How much do homes in College Park, GA cost?
Median Sold Price
$366,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in College Park was $366,000 in May 2024, down 6.2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $236K | N/A |
2 Bedrooms | $315K | $274.3K | -12.9% |
3 Bedrooms | $323K | $345K | +6.8% |
4 Bedrooms | $440K | $435K | -1.1% |
5+ Bedrooms | $637.5K | $625K | -2.0% |
Summary: College Park 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 decreased by 12.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
College Park | $240K | $259K | +7.9% |
Atlanta | $399.9K | $418.1K | +4.5% |
Fairburn-Union City | $282.8K | $285K | +0.7% |
East Point | $295K | $295K | 0.0% |
College Park | $390K | $366K | -6.2% |
Housing Supply in College Park, GA
How many homes are available in College Park, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 84 | +50.0% |
Summary: The College Park real estate market had 84 homes for sale in May 2024, a 50.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 4 | +100.0% |
2 Bedrooms | 8 | 13 | +62.5% |
3 Bedrooms | 30 | 37 | +23.3% |
4 Bedrooms | 12 | 21 | +75.0% |
5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The College Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in College Park in May 2024, up by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for College Park, GA
How long does it take to sell a home in College Park, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 17 Days | -63.7% |
Summary: Homes in College Park had an average of 17 days on market in May 2024, down by 63.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in College Park; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.