Is Atlanta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$419,716
$251/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Atlanta have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Atlanta was $419,716 in March 2024, up 4.9% from last year, and the median price per square foot was $251.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $259.9K | $250K | -3.8% |
| 2 Bedrooms | $339.8K | $338K | -0.5% |
| 3 Bedrooms | $399.8K | $389.4K | -2.6% |
| 4 Bedrooms | $591.7K | $580.2K | -1.9% |
| 5+ Bedrooms | $966.2K | $909.1K | -5.9% |
Summary: Atlanta housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Vinings | $489.6K | $515K | +5.2% |
| Atlanta | $400K | $419.7K | +4.9% |
| Hapeville | $294.9K | $299.5K | +1.5% |
| East Point | $299.6K | $295K | -1.6% |
| Decatur | $361.2K | $329.1K | -8.9% |
Housing Supply in Atlanta, GA
How many homes are available in Atlanta, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5,714 | 6,740 | +18.0% |
Summary: The Atlanta real estate market had 6,740 homes for sale in March 2024, a 18.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 539 | 691 | +28.2% |
| 2 Bedrooms | 1,130 | 1,307 | +15.7% |
| 3 Bedrooms | 2,006 | 2,354 | +17.3% |
| 4 Bedrooms | 1,160 | 1,376 | +18.6% |
| 5+ Bedrooms | 879 | 1,012 | +15.1% |
Summary: The Atlanta housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.2%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 17.3%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 15.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1,043 | 1,170 | +12.2% |
Asking Price vs. Sold Price
540 Homes Were Sold
Under Asking
263 Homes Were Sold
At Asking
287 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Atlanta, you may be able to get a good deal. 49.5% of homes here sold below asking price last month.
Summary: A total of 1,170 homes were sold or pending in Atlanta in March 2024, up by 12.2% month-over-month. Of the 1,090 sold homes, 50% were sold under asking, 24% were sold at asking, and 26% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 37 Days | -0.2% |
Summary: Homes in Atlanta had an average of 37 days on market in Mar 2024, down by 0.2% compared to last year.
Breakdown of Home Sale Times
744 Homes Were Sold
Under 30 Days
276 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 March 2024, 1170 homes were sold in Atlanta; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 13% 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 Classic MLS. 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.