Is Midtown, 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, Midtown was a Seller's Market.
Housing Prices in Midtown, GA
How much do homes in Midtown, GA cost?
Median Sold Price
$385,000
$373/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Midtown was $385,000 in May 2024, up 1.8% from last year, and the median price per square foot was $373.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $288K | +1.1% |
2 Bedrooms | $465K | $462.5K | -0.5% |
3 Bedrooms | $750K | $820K | +9.3% |
4 Bedrooms | $877.5K | $1.2M | +44.5% |
5+ Bedrooms | $1.6M | $1.5M | -5.9% |
Summary: Midtown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 44.5%, and 5+ bedroom homes decreased by 5.9%.
Housing Supply in Midtown, GA
How many homes are available in Midtown, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
448 | 499 | +11.4% |
Summary: The Midtown real estate market had 499 homes for sale in May 2024, a 11.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 214 | 226 | +5.6% |
2 Bedrooms | 160 | 192 | +20.0% |
3 Bedrooms | 49 | 49 | 0.0% |
4 Bedrooms | 14 | 16 | +14.3% |
5+ Bedrooms | 11 | 16 | +45.5% |
Summary: The Midtown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.6%, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 45.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
96 | 73 | -24.0% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 73 homes were sold or pending in Midtown in May 2024, down by 24.0% month-over-month. Of the 73 sold homes, 62% were sold under asking, 29% were sold at asking, and 10% were sold over asking.
Days on Market for Midtown, GA
How long does it take to sell a home in Midtown, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 33 Days | +19.8% |
Summary: Homes in Midtown had an average of 33 days on market in May 2024, up by 19.8% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 73 homes were sold in Midtown; 68% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.