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.
Key Takeaway
Atlanta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Atlanta have sold for 4.1% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Atlanta, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Atlanta are selling fast, if you're buying plan to act quickly.
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.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Athens Area Association of Realtors. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.