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 buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

East Point is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in East Point, GA

How much do homes in East Point, GA cost?

Median Sold Price

$274,200

$167/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$26,039(-8.7%)

Key Takeaway

Homes in East Point have sold for 8.7% less than they did a year ago.

Summary: The median home sold price in East Point was $274,200 in November 2024, down 8.7% from last year, and the median price per square foot was $167.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $110K$141.4K
+28.6%
2 $247K$198K
-19.8%
3 $290K$270K
-6.9%
4 $350K$350K
0.0%
5+ $500K$382.5K
-23.5%

Summary: East Point housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.6%, 2 bedroom homes decreased by 19.8%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 23.5%.

Median Sold Price Compared To Nearby Cities

Atlanta
+3.4%
Hapeville
0.0%
Fairburn-Union City
-1.8%
East Point
-8.7%
College Park
-9.9%

Housing Supply in East Point, GA

How many homes are available in East Point, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
283319+12.7%

Summary: The East Point real estate market had 319 homes for sale in November 2024, a 12.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 4567
+48.9%
3 164179
+9.1%
4 5755
-3.5%
5+ 1516
+6.7%

Summary: The East Point housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 48.9%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 6.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4924-51.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

3 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. 62.5% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in East Point in November 2024, down by 51.0% month-over-month. Of the 24 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% 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

Nov 2023Nov 2024CHANGE
30 Days60 Days+96.2%

Summary: Homes in East Point had an average of 60 days on market in Nov 2024, up by 96.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 24 homes were sold in East Point; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 25% 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 17 Days Ago

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