$5,213 Closing Credit*
$439,000
1,380 SqFt
4 Beds
•2 Full Baths
Michelle D Taylor, Listing Office: Anne Shelly Realtors
Is Atlanta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Atlanta was a Seller's Market.
Key Takeaway
Atlanta is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Atlanta, GA
How much do homes in Atlanta, GA cost?
Median Sold Price
$421,834
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,959(+3.4%)
Key Takeaway
Homes in Atlanta have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Atlanta was $421,834 in November 2024, up 3.4% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $254K | $255.9K | +0.7% |
| 2 Bedrooms | $332.4K | $340.7K | +2.5% |
| 3 Bedrooms | $385K | $395.6K | +2.8% |
| 4 Bedrooms | $572.7K | $589.1K | +2.9% |
| 5+ Bedrooms | $900.5K | $950.1K | +5.5% |
Summary: Atlanta housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.7%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Vinings | $495.5K | $535K | +8.0% |
| Atlanta | $407.8K | $421.8K | +3.4% |
| Decatur | $325.2K | $335.1K | +3.0% |
| Hapeville | $305K | $305K | 0.0% |
| East Point | $300.2K | $274.2K | -8.7% |
Housing Supply in Atlanta, GA
How many homes are available in Atlanta, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7,117 | 7,504 | +5.4% |
Summary: The Atlanta real estate market had 7,504 homes for sale in November 2024, a 5.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 744 | 791 | +6.3% |
| 2 Bedrooms | 1,448 | 1,553 | +7.3% |
| 3 Bedrooms | 2,476 | 2,595 | +4.8% |
| 4 Bedrooms | 1,445 | 1,535 | +6.2% |
| 5+ Bedrooms | 1,004 | 1,030 | +2.6% |
Summary: The Atlanta housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,120 | 939 | -16.2% |
Asking Price vs. Sold Price
559 Homes Were Sold
Under Asking
188 Homes Were Sold
At Asking
147 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Atlanta, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 939 homes were sold or pending in Atlanta in November 2024, down by 16.2% month-over-month. Of the 894 sold homes, 63% were sold under asking, 21% were sold at asking, and 16% were sold over asking.
Days on Market for Atlanta, GA
How long does it take to sell a home in Atlanta, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 47 Days | +45.4% |
Summary: Homes in Atlanta had an average of 47 days on market in Nov 2024, up by 45.4% compared to last year.
Breakdown of Home Sale Times
466 Homes Were Sold
Under 30 Days
324 Homes Were Sold
In 30 - 90 Days
149 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Atlanta are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 939 homes were sold in Atlanta; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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