$5,094 Closing Credit*
$429,000
2,306 SqFt
3 Beds
•3 Full Baths, 1 Partial
Mary E, Listing Office: Main Source Realty, LLC.
Is Sandy Springs, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Sandy Springs was a Seller's Market.
Key Takeaway
Sandy Springs 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 Sandy Springs, GA
How much do homes in Sandy Springs, GA cost?
Median Sold Price
$642,419
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$64,127(+11.1%)
Key Takeaway
Homes in Sandy Springs have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Sandy Springs was $642,419 in October 2024, up 11.1% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $181K | $180K | -0.6% |
| 2 Bedrooms | $269.7K | $272K | +0.8% |
| 3 Bedrooms | $514.4K | $535K | +4.0% |
| 4 Bedrooms | $737.6K | $799K | +8.3% |
| 5+ Bedrooms | $1.1M | $1.2M | +4.9% |
Summary: Sandy Springs housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Sandy Springs | $578.2K | $642.4K | +11.1% |
| Northeast Cobb | $529.5K | $574K | +8.4% |
| Roswell | $602.2K | $650.3K | +8.0% |
| Chamblee-Doraville | $610K | $635K | +4.1% |
| Dunwoody | $623.5K | $648.1K | +3.9% |
Housing Supply in Sandy Springs, GA
How many homes are available in Sandy Springs, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 665 | 730 | +9.8% |
Summary: The Sandy Springs real estate market had 730 homes for sale in October 2024, a 9.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 62 | 62 | 0.0% |
| 2 Bedrooms | 153 | 177 | +15.7% |
| 3 Bedrooms | 146 | 156 | +6.8% |
| 4 Bedrooms | 105 | 122 | +16.2% |
| 5+ Bedrooms | 199 | 213 | +7.0% |
Summary: The Sandy Springs 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 15.7%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes increased by 7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 119 | 117 | -1.7% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sandy Springs, you may be able to get a good deal. 57.5% of homes here sold below asking price last month.
Summary: A total of 117 homes were sold or pending in Sandy Springs in October 2024, down by 1.7% month-over-month. Of the 113 sold homes, 58% were sold under asking, 34% were sold at asking, and 9% were sold over asking.
Days on Market for Sandy Springs, GA
How long does it take to sell a home in Sandy Springs, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 49 Days | +122.5% |
Summary: Homes in Sandy Springs had an average of 49 days on market in Oct 2024, up by 122.5% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sandy Springs are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 117 homes were sold in Sandy Springs; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.