Is Austell, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$304,978
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Austell have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Austell was $304,978 in November 2023, up 3.4% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $109.1K | N/A |
| 2 Bedrooms | $160K | $202K | +26.3% |
| 3 Bedrooms | $265K | $292.5K | +10.4% |
| 4 Bedrooms | $340K | $360K | +5.9% |
| 5+ Bedrooms | $362.9K | $415K | +14.4% |
Summary: Austell housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Austell | $295K | $304.9K | +3.4% |
| Mableton | $330.6K | $339.5K | +2.7% |
| Douglasville-Lithia Springs | $300.5K | $289.4K | -3.7% |
Housing Supply in Austell, GA
How many homes are available in Austell, GA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 162 | 142 | -12.3% |
Summary: The Austell real estate market had 142 homes for sale in November 2023, a 12.3% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 21 | 0.0% |
| 3 Bedrooms | 86 | 72 | -16.3% |
| 4 Bedrooms | 40 | 33 | -17.5% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Austell housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.3%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 48 | 29 | -39.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Austell, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 29 homes were sold or pending in Austell in November 2023, down by 39.6% month-over-month. Of the 27 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% 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 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 28 Days | 15 Days | -45.0% |
Summary: Homes in Austell had an average of 15 days on market in Nov 2023, down by 45% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Austell are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 29 homes were sold in Austell; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% 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.