Is Atlanta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Atlanta has remained a Seller's Market.
Housing Prices
How much do homes in Atlanta, GA cost?
Median Sold Price
$404,886
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in Atlanta was $404,886 in August 2023, up 4.1% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $259.9K | +2.0% |
2 Bedrooms | $362.5K | $336.9K | -7.1% |
3 Bedrooms | $409.5K | $392.8K | -4.1% |
4 Bedrooms | $626.7K | $585.6K | -6.5% |
5+ Bedrooms | $1.2M | $949.2K | -24.0% |
Summary: Atlanta housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 24%.
Median Sold Price Compared To Nearby Cities
East Point | $263.9K | $301.1K | +14.1% |
Atlanta | $388.7K | $404.8K | +4.1% |
Vinings | $473K | $468K | -1.1% |
Hapeville | $309.6K | $305K | -1.5% |
Decatur | $588.4K | $345K | -41.4% |
Housing Supply
How many homes are available in Atlanta, GA?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
5,283 | 5,885 | +11.4% |
Summary: The Atlanta real estate market had 5,885 homes for sale in August 2023, a 11.4% increase compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 496 | 509 | +2.6% |
2 Bedrooms | 991 | 1,113 | +12.3% |
3 Bedrooms | 1,866 | 2,124 | +13.8% |
4 Bedrooms | 1,087 | 1,222 | +12.4% |
5+ Bedrooms | 843 | 917 | +8.8% |
Summary: The Atlanta housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
1,254 | 1,288 | +2.7% |
Asking Price vs. Sold Price
576 Homes Were Sold
Under Asking
285 Homes Were Sold
At Asking
350 Homes Were Sold
Over Asking
Summary: A total of 1,288 homes were sold or pending in Atlanta in August 2023, up by 2.7% month-over-month. Of the 1,211 sold homes, 48% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market
How long does it take to sell a home in Atlanta, GA?
Average Sale Time
Aug 2022 | Aug 2023 | CHANGE |
---|---|---|
22 Days | 26 Days | +15.5% |
Summary: Homes in Atlanta had an average of 26 days on market in Aug 2023, up by 15.5% compared to last year.
Breakdown of Home Sale Times
895 Homes Were Sold
Under 30 Days
325 Homes Were Sold
In 30 - 90 Days
68 Homes Were Sold
Over 90 Days
Summary: During August 2023, 1288 homes were sold in Atlanta; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.