$3,099 Closing Credit*
$261,000
864 SqFt
3 Beds
•2 Full Baths
Chris Hurd, Listing Office: Blue Mountain Realty GA LLC
Is Northwest Atlanta, 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, Northwest Atlanta was a Seller's Market.
Key Takeaway
Northwest Atlanta is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Northwest Atlanta, GA
How much do homes in Northwest Atlanta, GA cost?
Median Sold Price
$390,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,030(+4.0%)
Key Takeaway
Homes in Northwest Atlanta have sold for 4% more than they did a year ago.
Summary: The median home sold price in Northwest Atlanta was $390,000 in November 2024, up 4% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $200K | +2.6% |
| 2 Bedrooms | $306K | $304K | -0.7% |
| 3 Bedrooms | $375K | $385K | +2.7% |
| 4 Bedrooms | $512.9K | $506K | -1.4% |
| 5+ Bedrooms | $540K | $605K | +12.0% |
Summary: Northwest Atlanta housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 12%.
Median Sold Price Compared To Nearby Neighborhoods
| Carver Hills | $205K | $261K | +27.3% |
| Northwest Atlanta | $374.9K | $390K | +4.0% |
Housing Supply in Northwest Atlanta, GA
How many homes are available in Northwest Atlanta, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 549 | 592 | +7.8% |
Summary: The Northwest Atlanta real estate market had 592 homes for sale in November 2024, a 7.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 26 | +13.0% |
| 2 Bedrooms | 91 | 100 | +9.9% |
| 3 Bedrooms | 259 | 291 | +12.4% |
| 4 Bedrooms | 132 | 123 | -6.8% |
| 5+ Bedrooms | 44 | 52 | +18.2% |
Summary: The Northwest Atlanta housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 12.4%, 4 bedroom homes decreased by 6.8%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 49 | -35.5% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Atlanta, you may be able to get a good deal. 58.7% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in Northwest Atlanta in November 2024, down by 35.5% month-over-month. Of the 46 sold homes, 59% were sold under asking, 24% were sold at asking, and 17% were sold over asking.
Days on Market for Northwest Atlanta, GA
How long does it take to sell a home in Northwest Atlanta, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 40 Days | +33.2% |
Summary: Homes in Northwest Atlanta had an average of 40 days on market in Nov 2024, up by 33.2% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Atlanta are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 49 homes were sold in Northwest Atlanta; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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