$10,000 Closing Credit*
$1,085,000
1,730 SqFt
2 Beds
•2 Full Baths, 1 Partial
Jessica Li, Listing Office: BHHS Georgia Properties
Is Atlanta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$421,449
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,607(+3.8%)
Key Takeaway
Homes in Atlanta have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Atlanta was $421,449 in October 2024, up 3.8% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255.6K | $254.4K | -0.5% |
| 2 Bedrooms | $332.1K | $340.6K | +2.6% |
| 3 Bedrooms | $381.9K | $395.6K | +3.6% |
| 4 Bedrooms | $571.7K | $592.1K | +3.6% |
| 5+ Bedrooms | $890.1K | $947.8K | +6.5% |
Summary: Atlanta housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
| Hapeville | $300K | $327K | +9.0% |
| Vinings | $495K | $529.3K | +6.9% |
| Atlanta | $405.8K | $421.4K | +3.8% |
| Decatur | $325.4K | $335.1K | +3.0% |
| East Point | $297.2K | $284.9K | -4.1% |
Housing Supply in Atlanta, GA
How many homes are available in Atlanta, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6,991 | 8,083 | +15.6% |
Summary: The Atlanta real estate market had 8,083 homes for sale in October 2024, a 15.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 729 | 840 | +15.2% |
| 2 Bedrooms | 1,374 | 1,611 | +17.2% |
| 3 Bedrooms | 2,487 | 2,863 | +15.1% |
| 4 Bedrooms | 1,412 | 1,634 | +15.7% |
| 5+ Bedrooms | 989 | 1,135 | +14.8% |
Summary: The Atlanta housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 15.1%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,071 | 1,106 | +3.3% |
Asking Price vs. Sold Price
591 Homes Were Sold
Under Asking
249 Homes Were Sold
At Asking
184 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Atlanta, you may be able to get a good deal. 57.7% of homes here sold below asking price last month.
Summary: A total of 1,106 homes were sold or pending in Atlanta in October 2024, up by 3.3% month-over-month. Of the 1,024 sold homes, 58% were sold under asking, 24% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 49 Days | +59.0% |
Summary: Homes in Atlanta had an average of 49 days on market in Oct 2024, up by 59% compared to last year.
Breakdown of Home Sale Times
508 Homes Were Sold
Under 30 Days
431 Homes Were Sold
In 30 - 90 Days
167 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 October 2024, 1106 homes were sold in Atlanta; 46% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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