Is Avondale Estates, 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, Avondale Estates has remained a Seller's Market.
Housing Prices in Avondale Estates, GA
How much do homes in Avondale Estates, GA cost?
Median Sold Price
$500,000
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Avondale Estates was $500,000 in May 2024, down 13% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $235K | +2.2% |
3 Bedrooms | $502.5K | $510K | +1.5% |
4 Bedrooms | $717K | $745.6K | +4.0% |
5+ Bedrooms | $740.7K | $1.0M | +37.0% |
Summary: Avondale Estates 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 increased by 2.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 37%.
Median Sold Price Compared To Nearby Cities
Atlanta-Decatur | $350K | $349.9K | 0% |
Avondale Estates | $575K | $500K | -13.0% |
Housing Supply in Avondale Estates, GA
How many homes are available in Avondale Estates, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 39 | +5.4% |
Summary: The Avondale Estates real estate market had 39 homes for sale in May 2024, a 5.4% 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 | 9 | 9 | 0.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 17 | 18 | +5.9% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Avondale Estates 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 15 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Avondale Estates in May 2024, up by 150.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 14% were sold at asking, and 50% were sold over asking.
Days on Market for Avondale Estates, GA
How long does it take to sell a home in Avondale Estates, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
13 Days | 12 Days | -6.7% |
Summary: Homes in Avondale Estates had an average of 12 days on market in May 2024, down by 6.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Avondale Estates; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.