$6,413 Closing Credit*
$540,000
4 Beds
•3 Full Baths, 1 Partial
Susan Callihan, Listing Office: Coldwell Banker Realty
Is East Lake, 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, East Lake was a Seller's Market.
Key Takeaway
East Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Lake, GA
How much do homes in East Lake, GA cost?
Median Sold Price
$661,250
$315/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$26,250(+4.1%)
Key Takeaway
Homes in East Lake have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in East Lake was $661,250 in November 2024, up 4.1% from last year, and the median price per square foot was $315.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $163.3K | +5.4% |
| 2 Bedrooms | $360K | $330K | -8.3% |
| 3 Bedrooms | $530K | $575K | +8.5% |
| 4 Bedrooms | $670K | $714.5K | +6.6% |
| 5+ Bedrooms | $975K | $1.0M | +4.4% |
Summary: East Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 6.6%, and 5+ bedroom homes increased by 4.4%.
Housing Supply in East Lake, GA
How many homes are available in East Lake, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 37 | 45 | +21.6% |
Summary: The East Lake real estate market had 45 homes for sale in November 2024, a 21.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The East Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Lake, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 6 homes were sold or pending in East Lake in November 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 73 Days | 40 Days | -44.8% |
Summary: Homes in East Lake had an average of 40 days on market in Nov 2024, down by 44.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in East Lake has remained consistent over time.
Summary: During November 2024, 6 homes were sold in East Lake; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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