Is Chamblee, 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, Chamblee has remained a Seller's Market.
Key Takeaway
Chamblee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chamblee, GA
How much do homes in Chamblee, GA cost?
Median Sold Price
$640,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chamblee have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Chamblee was $640,000 in March 2024, up 11.3% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.9K | $235.2K | -5.1% |
| 2 Bedrooms | $336K | $337.9K | +0.6% |
| 3 Bedrooms | $550K | $630K | +14.5% |
| 4 Bedrooms | $638.5K | $649.9K | +1.8% |
| 5+ Bedrooms | $1.2M | $1.3M | +14.7% |
Summary: Chamblee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 14.7%.
Median Sold Price Compared To Nearby Cities
| Chamblee | $575K | $640K | +11.3% |
| Chamblee-Doraville | $590.5K | $624.3K | +5.7% |
| Doraville | $385K | $390K | +1.3% |
Housing Supply in Chamblee, GA
How many homes are available in Chamblee, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 43 | +30.3% |
Summary: The Chamblee real estate market had 43 homes for sale in March 2024, a 30.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Chamblee housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 11 | +83.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chamblee, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Chamblee in March 2024, up by 83.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for Chamblee, GA
How long does it take to sell a home in Chamblee, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 41 Days | 29 Days | -28.2% |
Summary: Homes in Chamblee had an average of 29 days on market in Mar 2024, down by 28.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chamblee are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Chamblee; 82% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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