Is College Park, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, College Park has remained a Seller's Market.
Housing Prices in College Park, GA
How much do homes in College Park, GA cost?
Median Sold Price
$259,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in College Park was $259,000 in May 2024, up 7.9% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $210K | $199.9K | -4.8% |
3 Bedrooms | $227.5K | $247.4K | +8.8% |
4 Bedrooms | $285.5K | $305K | +6.8% |
5+ Bedrooms | $311K | $325K | +4.5% |
Summary: College Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
College Park | $240K | $259K | +7.9% |
Forest Park | $190K | $198.9K | +4.7% |
Hapeville | $292.4K | $305K | +4.3% |
Forest Park-Morrow | $232.6K | $230K | -1.1% |
College Park | $390K | $366K | -6.2% |
Housing Supply in College Park, GA
How many homes are available in College Park, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 67 | +8.1% |
Summary: The College Park real estate market had 67 homes for sale in May 2024, a 8.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 43 | 42 | -2.3% |
4 Bedrooms | 12 | 16 | +33.3% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The College Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 15 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in College Park in May 2024, the same as the previous month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for College Park, GA
How long does it take to sell a home in College Park, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 15 Days | -60.2% |
Summary: Homes in College Park had an average of 15 days on market in May 2024, down by 60.2% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in College Park; 87% 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.