Is Vinings, 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, Vinings has remained a Seller's Market.
Key Takeaway
Vinings is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vinings, GA
How much do homes in Vinings, GA cost?
Median Sold Price
$522,500
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Vinings have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Vinings was $522,500 in May 2024, up 6.9% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $192.6K | $192K | -0.3% |
| 2 Bedrooms | $315K | $310K | -1.6% |
| 3 Bedrooms | $446.6K | $495K | +10.8% |
| 4 Bedrooms | $599K | $655K | +9.3% |
| 5+ Bedrooms | $780K | $840K | +7.7% |
Summary: Vinings housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 7.7%.
Median Sold Price Compared To Nearby Cities
| Vinings | $488.7K | $522.5K | +6.9% |
| Smyrna | $439.9K | $469.8K | +6.8% |
| Northeast Cobb | $517.5K | $552.3K | +6.7% |
| Mableton | $339.6K | $359.6K | +5.9% |
| Atlanta | $399.9K | $418.1K | +4.5% |
Housing Supply in Vinings, GA
How many homes are available in Vinings, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 299 | 331 | +10.7% |
Summary: The Vinings real estate market had 331 homes for sale in May 2024, a 10.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 6 | -33.3% |
| 2 Bedrooms | 54 | 51 | -5.6% |
| 3 Bedrooms | 109 | 118 | +8.3% |
| 4 Bedrooms | 77 | 91 | +18.2% |
| 5+ Bedrooms | 50 | 65 | +30.0% |
Summary: The Vinings housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 90 | 79 | -12.2% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vinings, you may be able to get a good deal. 50.6% of homes here sold below asking price last month.
Summary: A total of 79 homes were sold or pending in Vinings in May 2024, down by 12.2% month-over-month. Of the 77 sold homes, 51% were sold under asking, 23% were sold at asking, and 26% were sold over asking.
Days on Market for Vinings, GA
How long does it take to sell a home in Vinings, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 27 Days | 19 Days | -28.1% |
Summary: Homes in Vinings had an average of 19 days on market in May 2024, down by 28.1% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vinings are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 79 homes were sold in Vinings; 82% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 5% 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.