$299,900
3.45 Acres
Land
Robin Andrade, Listing Office: SELL ATLANTA
Is Southwestern Atlanta, 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, Southwestern Atlanta was a Seller's Market.
Key Takeaway
Southwestern Atlanta is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southwestern Atlanta, GA
How much do homes in Southwestern Atlanta, GA cost?
Median Sold Price
$283,516
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$13,108(-4.4%)
Key Takeaway
Homes in Southwestern Atlanta have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Southwestern Atlanta was $283,516 in October 2024, down 4.4% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $151K | $157.5K | +4.3% |
| 2 Bedrooms | $208K | $199K | -4.3% |
| 3 Bedrooms | $284.9K | $274.9K | -3.5% |
| 4 Bedrooms | $376.3K | $331K | -12.0% |
| 5+ Bedrooms | $467.1K | $431.8K | -7.6% |
Summary: Southwestern Atlanta housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 7.6%.
Housing Supply in Southwestern Atlanta, GA
How many homes are available in Southwestern Atlanta, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 970 | 1,150 | +18.6% |
Summary: The Southwestern Atlanta real estate market had 1,150 homes for sale in October 2024, a 18.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 12 | +9.1% |
| 2 Bedrooms | 101 | 115 | +13.9% |
| 3 Bedrooms | 540 | 630 | +16.7% |
| 4 Bedrooms | 228 | 276 | +21.1% |
| 5+ Bedrooms | 90 | 117 | +30.0% |
Summary: The Southwestern Atlanta housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 13.9%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 21.1%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 129 | +18.3% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwestern Atlanta, you may be able to get a good deal. 57% of homes here sold below asking price last month.
Summary: A total of 129 homes were sold or pending in Southwestern Atlanta in October 2024, up by 18.3% month-over-month. Of the 107 sold homes, 57% were sold under asking, 24% were sold at asking, and 19% were sold over asking.
Days on Market for Southwestern Atlanta, GA
How long does it take to sell a home in Southwestern Atlanta, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 55 Days | +56.4% |
Summary: Homes in Southwestern Atlanta had an average of 55 days on market in Oct 2024, up by 56.4% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
65 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southwestern Atlanta has remained consistent over time.
Summary: During October 2024, 129 homes were sold in Southwestern Atlanta; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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