Is Atlanta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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 in Atlanta, GA
How much do homes in Atlanta, GA cost?
Median Sold Price
$420,124
$253/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Atlanta have sold for 5% more than they did a year ago.
Summary: The median home sold price in Atlanta was $420,124 in April 2024, up 5% from last year, and the median price per square foot was $253.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258.7K | $252.2K | -2.5% |
| 2 Bedrooms | $338.1K | $338.8K | 0.2% |
| 3 Bedrooms | $395K | $393.9K | -0.3% |
| 4 Bedrooms | $582.9K | $586.1K | 0.5% |
| 5+ Bedrooms | $948.8K | $918.2K | -3.2% |
Summary: Atlanta housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.5%, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
| Atlanta | $400.1K | $420.1K | +5.0% |
| Vinings | $489.9K | $510.4K | +4.2% |
| East Point | $291.7K | $296.1K | +1.5% |
| Hapeville | $309K | $302K | -2.3% |
| Decatur | $352.9K | $329.3K | -6.7% |
Housing Supply in Atlanta, GA
How many homes are available in Atlanta, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6,233 | 7,248 | +16.3% |
Summary: The Atlanta real estate market had 7,248 homes for sale in April 2024, a 16.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 630 | 732 | +16.2% |
| 2 Bedrooms | 1,214 | 1,415 | +16.6% |
| 3 Bedrooms | 2,183 | 2,529 | +15.8% |
| 4 Bedrooms | 1,257 | 1,443 | +14.8% |
| 5+ Bedrooms | 949 | 1,129 | +19.0% |
Summary: The Atlanta housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.2%, 2 bedroom homes increased by 16.6%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 19%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,275 | 1,294 | +1.5% |
Asking Price vs. Sold Price
601 Homes Were Sold
Under Asking
294 Homes Were Sold
At Asking
335 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Atlanta, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.
Summary: A total of 1,294 homes were sold or pending in Atlanta in April 2024, up by 1.5% month-over-month. Of the 1,230 sold homes, 49% were sold under asking, 24% were sold at asking, and 27% were sold over asking.
Days on Market for Atlanta, GA
How long does it take to sell a home in Atlanta, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 29 Days | 35 Days | +21.9% |
Summary: Homes in Atlanta had an average of 35 days on market in Apr 2024, up by 21.9% compared to last year.
Breakdown of Home Sale Times
844 Homes Were Sold
Under 30 Days
301 Homes Were Sold
In 30 - 90 Days
149 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 April 2024, 1294 homes were sold in Atlanta; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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