Is Chamblee, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chamblee is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Chamblee has remained a Seller's Market.

Key Takeaway

Chamblee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Chamblee, GA

How much do homes in Chamblee, GA cost?

Median Sold Price

$517,500

$325/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$83,320(-13.9%)

Key Takeaway

Homes in Chamblee have sold for 13.9% less than they did a year ago.

Summary: The median home sold price in Chamblee was $517,500 in November 2024, down 13.9% from last year, and the median price per square foot was $325.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $240K$239.2K
-0.3%
2 $334.9K$336.4K
0.4%
3 $600K$592.5K
-1.3%
4 $640K$738K
+15.3%
5+ $1.3M$1.4M
+9.3%

Summary: Chamblee housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 9.3%.

Median Sold Price Compared To Nearby Cities

Doraville
+13.7%
Chamblee-Doraville
+4.4%
Chamblee
-13.9%

Housing Supply in Chamblee, GA

How many homes are available in Chamblee, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4037-7.5%

Summary: The Chamblee real estate market had 37 homes for sale in November 2024, a 7.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 41
-75.0%
2 1413
-7.1%
3 810
+25.0%
4 910
+11.1%
5+ 53
-40.0%

Summary: The Chamblee housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 75%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chamblee, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Chamblee in November 2024, down by 22.2% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.

Days on Market for Chamblee, GA

How long does it take to sell a home in Chamblee, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days43 Days+17.7%

Summary: Homes in Chamblee had an average of 43 days on market in Nov 2024, up by 17.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chamblee are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 7 homes were sold in Chamblee; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Chamblee, GA

Nearby Markets to Chamblee, GA

What housing markets are near Chamblee, GA?