Is Austell, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Austell is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Austell has remained a Seller's Market.

Key Takeaway

Austell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Austell, GA

How much do homes in Austell, GA cost?

Median Sold Price

$300,000

$172/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since February 2023.

Key Takeaway

The sold price of homes in Austell has remained the same since last year.

Summary: The median home sold price in Austell was $300,000 in February 2024, the same as last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $109.1K-
N/A
2 $175K$201K
+14.9%
3 $283K$290K
+2.5%
4 $347.1K$358.5K
+3.3%
5+ $382.5K$400K
+4.6%

Summary: Austell housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.9%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 4.6%.

Median Sold Price Compared To Nearby Cities

Mableton
+2.9%
Austell
0.0%
Douglasville-Lithia Springs
-3.0%

Housing Supply in Austell, GA

How many homes are available in Austell, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
115147+27.8%

Summary: The Austell real estate market had 147 homes for sale in February 2024, a 27.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 77
0.0%
3 75100
+33.3%
4 2330
+30.4%
5+ 99
0.0%

Summary: The Austell housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2030+50.0%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Austell, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Austell in February 2024, up by 50.0% month-over-month. Of the 28 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.

Days on Market for Austell, GA

How long does it take to sell a home in Austell, GA?

Average Sale Time

Feb 2023Feb 2024CHANGE
47 Days54 Days+14.4%

Summary: Homes in Austell had an average of 54 days on market in Feb 2024, up by 14.4% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Austell are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 30 homes were sold in Austell; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Austell, GA

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