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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Austell is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Austell was a Seller's Market.

Key Takeaway

Austell is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Austell, GA

How much do homes in Austell, GA cost?

Median Sold Price

$304,983

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$2(0%)

Key Takeaway

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

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $109.1K$180K
+64.9%
2 $200K$200K
0.0%
3 $292.5K$295K
+0.9%
4 $357.5K$361.8K
+1.2%
5+ $415K$405K
-2.4%

Summary: Austell housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 64.9%, 2 bedroom homes did not change, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 2.4%.

Median Sold Price Compared To Nearby Cities

Mableton
+10.2%
Douglasville-Lithia Springs
+6.8%
Austell
0%

Housing Supply in Austell, GA

How many homes are available in Austell, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
224244+8.9%

Summary: The Austell real estate market had 244 homes for sale in November 2024, a 8.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 12
+100.0%
2 1614
-12.5%
3 121129
+6.6%
4 6273
+17.7%
5+ 2426
+8.3%

Summary: The Austell housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes increased by 8.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4329-32.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Austell, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

Summary: A total of 29 homes were sold or pending in Austell in November 2024, down by 32.6% month-over-month. Of the 26 sold homes, 38% were sold under asking, 46% were sold at asking, and 15% 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

Nov 2023Nov 2024CHANGE
21 Days48 Days+127.5%

Summary: Homes in Austell had an average of 48 days on market in Nov 2024, up by 127.5% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Austell has remained consistent over time.

Summary: During November 2024, 29 homes were sold in Austell; 34% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 14% 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 7 Days Ago

Newest Listings in Austell, GA

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