$10,000 Closing Credit*
$1,395,000
5,095 SqFt
6 Beds
•6 Full Baths, 1 Partial
Natalie Williams, Listing Office: Keller Knapp, Inc
Is East Lake, 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, East Lake was a Buyer's Market.
Key Takeaway
East Lake is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in East Lake, GA
How much do homes in East Lake, GA cost?
Median Sold Price
$660,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,050(+10.0%)
Key Takeaway
Homes in East Lake have sold for 10% more than they did a year ago.
Summary: The median home sold price in East Lake was $660,000 in October 2024, up 10% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $163.3K | +5.4% |
| 2 Bedrooms | $368K | $330K | -10.3% |
| 3 Bedrooms | $540K | $551.2K | +2.1% |
| 4 Bedrooms | $702.5K | $687K | -2.2% |
| 5+ Bedrooms | $975K | $1.0M | +3.6% |
Summary: East Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 3.6%.
Housing Supply in East Lake, GA
How many homes are available in East Lake, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 47 | 43 | -8.5% |
Summary: The East Lake real estate market had 43 homes for sale in October 2024, a 8.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The East Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 7 | -36.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Lake, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in East Lake in October 2024, down by 36.4% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for East Lake, GA
How long does it take to sell a home in East Lake, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 43 Days | +119.3% |
Summary: Homes in East Lake had an average of 43 days on market in Oct 2024, up by 119.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in East Lake are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in East Lake; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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.