Is Sandy Springs, 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, Sandy Springs has remained a Seller's Market.
Housing Prices in Sandy Springs, GA
How much do homes in Sandy Springs, GA cost?
Median Sold Price
$622,644
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sandy Springs was $622,644 in May 2024, up 12.6% 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 | $182K | $183K | 0.5% |
2 Bedrooms | $264.9K | $269.3K | +1.7% |
3 Bedrooms | $492.5K | $535K | +8.6% |
4 Bedrooms | $735K | $765K | +4.1% |
5+ Bedrooms | $1.1M | $1.2M | +6.0% |
Summary: Sandy Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
Sandy Springs | $553.1K | $622.6K | +12.6% |
Roswell | $585.3K | $635.1K | +8.5% |
Dunwoody | $590K | $632.6K | +7.2% |
Northeast Cobb | $517.5K | $552.3K | +6.7% |
Chamblee-Doraville | $589K | $624K | +5.9% |
Housing Supply in Sandy Springs, GA
How many homes are available in Sandy Springs, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
579 | 650 | +12.3% |
Summary: The Sandy Springs real estate market had 650 homes for sale in May 2024, a 12.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 40 | 41 | +2.5% |
2 Bedrooms | 139 | 169 | +21.6% |
3 Bedrooms | 129 | 122 | -5.4% |
4 Bedrooms | 83 | 103 | +24.1% |
5+ Bedrooms | 188 | 215 | +14.4% |
Summary: The Sandy Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.5%, 2 bedroom homes increased by 21.6%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 14.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
141 | 125 | -11.3% |
Asking Price vs. Sold Price
46 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Summary: A total of 125 homes were sold or pending in Sandy Springs in May 2024, down by 11.3% month-over-month. Of the 121 sold homes, 38% were sold under asking, 27% were sold at asking, and 35% were sold over asking.
Days on Market for Sandy Springs, GA
How long does it take to sell a home in Sandy Springs, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 17 Days | -3.4% |
Summary: Homes in Sandy Springs had an average of 17 days on market in May 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
104 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 125 homes were sold in Sandy Springs; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.