Is Peachtree Heights West, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Peachtree Heights West is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Peachtree Heights West was a Seller's Market.

Key Takeaway

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

Housing Prices in Peachtree Heights West, GA

How much do homes in Peachtree Heights West, GA cost?

Median Sold Price

$880,000

$385/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$277,500(+46.1%)

Key Takeaway

Homes in Peachtree Heights West have sold for 46.1% more than they did a year ago.

Summary: The median home sold price in Peachtree Heights West was $880,000 in October 2024, up 46.1% from last year, and the median price per square foot was $385.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $269K$308.3K
+14.6%
2 $550K$620K
+12.7%
3 $1.6M$1.4M
-11.1%
4 $2.7M$2.1M
-22.6%
5+ $4.2M$2.8M
-31.6%

Summary: Peachtree Heights West housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes increased by 12.7%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 22.6%, and 5+ bedroom homes decreased by 31.6%.

Housing Supply in Peachtree Heights West, GA

How many homes are available in Peachtree Heights West, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6469+7.8%

Summary: The Peachtree Heights West real estate market had 69 homes for sale in October 2024, a 7.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1513
-13.3%
2 2832
+14.3%
3 1114
+27.3%
4 87
-12.5%
5+ 23
+50.0%

Summary: The Peachtree Heights West housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 27.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
148-42.9%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Peachtree Heights West, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Peachtree Heights West in October 2024, down by 42.9% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Peachtree Heights West, GA

How long does it take to sell a home in Peachtree Heights West, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
107 Days11 Days-89.0%

Summary: Homes in Peachtree Heights West had an average of 11 days on market in Oct 2024, down by 89% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Peachtree Heights West are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 8 homes were sold in Peachtree Heights West; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% 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 13 Days Ago

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