Is East Point, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Point is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, East Point was a Seller's Market.

Key Takeaway

East Point 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 Point, GA

How much do homes in East Point, GA cost?

Median Sold Price

$284,999

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$12,223(-4.1%)

Key Takeaway

Homes in East Point have sold for 4.1% less than they did a year ago.

Summary: The median home sold price in East Point was $284,999 in October 2024, down 4.1% from last year, and the median price per square foot was $169.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $110K$141.4K
+28.6%
2 $245K$200K
-18.4%
3 $290K$270K
-6.9%
4 $343.5K$350K
+1.9%
5+ $450K$410K
-8.9%

Summary: East Point housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 18.4%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 8.9%.

Median Sold Price Compared To Nearby Cities

Hapeville
+9.0%
Atlanta
+3.8%
Fairburn-Union City
-1.7%
East Point
-4.1%
College Park
-8.4%

Housing Supply in East Point, GA

How many homes are available in East Point, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
282334+18.4%

Summary: The East Point real estate market had 334 homes for sale in October 2024, a 18.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 3849
+28.9%
3 169200
+18.3%
4 5061
+22.0%
5+ 2322
-4.3%

Summary: The East Point housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.9%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 22%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3749+32.4%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Point, you may be able to get a good deal. 63.4% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in East Point in October 2024, up by 32.4% month-over-month. Of the 41 sold homes, 63% were sold under asking, 22% were sold at asking, and 15% were sold over asking.

Days on Market for East Point, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days52 Days+136.5%

Summary: Homes in East Point had an average of 52 days on market in Oct 2024, up by 136.5% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in East Point has remained consistent over time.

Summary: During October 2024, 49 homes were sold in East Point; 39% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 16% 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 16 Days Ago

Newest Listings in East Point, GA

Nearby Markets to East Point, GA

What housing markets are near East Point, GA?