Is Inman Park, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Inman Park is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Inman Park, GA

How much do homes in Inman Park, GA cost?

Median Sold Price

$650,000

$461/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$215,000(-24.9%)

Key Takeaway

Homes in Inman Park have sold for 24.9% less than they did a year ago.

Summary: The median home sold price in Inman Park was $650,000 in October 2024, down 24.9% from last year, and the median price per square foot was $461.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $363.5K$370K
+1.8%
2 $608.5K$600K
-1.4%
3 $1.0M$761.7K
-28.5%
4 $1.2M$1.3M
+14.6%
5+ $1.4M$1.6M
+15.7%

Summary: Inman Park housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 28.5%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 15.7%.

Housing Supply in Inman Park, GA

How many homes are available in Inman Park, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1622+37.5%

Summary: The Inman Park real estate market had 22 homes for sale in October 2024, a 37.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 25
+150.0%
2 44
0.0%
3 77
0.0%
4 12
+100.0%
5+ 24
+100.0%

Summary: The Inman Park housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
550.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Inman Park, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Inman Park in October 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.

Days on Market for Inman Park, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days33 Days-21.2%

Summary: Homes in Inman Park had an average of 33 days on market in Oct 2024, down by 21.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 5 homes were sold in Inman Park; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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 22 Days Ago

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