Is Downtown Atlanta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Downtown Atlanta was a Seller's Market.
Housing Prices in Downtown Atlanta, GA
How much do homes in Downtown Atlanta, GA cost?
Median Sold Price
$275,000
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Downtown Atlanta was $275,000 in May 2024, down 1.8% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $240K | $260K | +8.3% |
2 Bedrooms | $348.8K | $375K | +7.5% |
3 Bedrooms | $645K | $639.9K | -0.8% |
4 Bedrooms | $950K | - | N/A |
5+ Bedrooms | - | $1.3M | N/A |
Summary: Downtown Atlanta housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Downtown Atlanta, GA
How many homes are available in Downtown Atlanta, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
145 | 161 | +11.0% |
Summary: The Downtown Atlanta real estate market had 161 homes for sale in May 2024, a 11.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 91 | 108 | +18.7% |
2 Bedrooms | 43 | 44 | +2.3% |
3 Bedrooms | 8 | 6 | -25.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Atlanta housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.7%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 13 | -27.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Downtown Atlanta in May 2024, down by 27.8% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.
Days on Market for Downtown Atlanta, GA
How long does it take to sell a home in Downtown Atlanta, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
82 Days | 36 Days | -55.6% |
Summary: Homes in Downtown Atlanta had an average of 36 days on market in May 2024, down by 55.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Downtown Atlanta; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.