$6,947 Closing Credit*
$584,999
6 Beds
•4 Full Baths
Britney Coleman, Listing Office: Norluxe Realty 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 November 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
$284,120
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,195(-4.1%)
Key Takeaway
Homes in Southwestern Atlanta have sold for 4.1% less than they did a year ago.
Summary: The median home sold price in Southwestern Atlanta was $284,120 in November 2024, down 4.1% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152K | $157.5K | +3.6% |
| 2 Bedrooms | $207.6K | $198K | -4.7% |
| 3 Bedrooms | $285.9K | $270.6K | -5.4% |
| 4 Bedrooms | $370K | $335K | -9.5% |
| 5+ Bedrooms | $455K | $435K | -4.4% |
Summary: Southwestern Atlanta housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 4.4%.
Housing Supply in Southwestern Atlanta, GA
How many homes are available in Southwestern Atlanta, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 986 | 1,089 | +10.4% |
Summary: The Southwestern Atlanta real estate market had 1,089 homes for sale in November 2024, a 10.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 97 | 115 | +18.6% |
| 3 Bedrooms | 525 | 572 | +9.0% |
| 4 Bedrooms | 247 | 282 | +14.2% |
| 5+ Bedrooms | 110 | 114 | +3.6% |
Summary: The Southwestern Atlanta housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 18.6%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 121 | 109 | -9.9% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
9 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. 66.3% of homes here sold below asking price last month.
Summary: A total of 109 homes were sold or pending in Southwestern Atlanta in November 2024, down by 9.9% month-over-month. Of the 95 sold homes, 66% were sold under asking, 24% were sold at asking, and 9% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 57 Days | +10.0% |
Summary: Homes in Southwestern Atlanta had an average of 57 days on market in Nov 2024, up by 10% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southwestern Atlanta has remained consistent over time.
Summary: During November 2024, 109 homes were sold in Southwestern Atlanta; 35% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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