Is College Park, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing College Park is a buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in College Park, GA

How much do homes in College Park, GA cost?

Median Sold Price

$366,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$24,000(-6.2%)

Key Takeaway

Homes in College Park have sold for 6.2% less than they did a year ago.

Summary: The median home sold price in College Park was $366,000 in May 2024, down 6.2% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$236K
N/A
2 $315K$274.3K
-12.9%
3 $323K$345K
+6.8%
4 $440K$435K
-1.1%
5+ $637.5K$625K
-2.0%

Summary: College Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 6.8%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 2%.

Median Sold Price Compared To Nearby Cities

College Park
+7.9%
Atlanta
+4.5%
Fairburn-Union City
+0.7%
East Point
0.0%
College Park
-6.2%

Housing Supply in College Park, GA

How many homes are available in College Park, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
5684+50.0%

Summary: The College Park real estate market had 84 homes for sale in May 2024, a 50.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 24
+100.0%
2 813
+62.5%
3 3037
+23.3%
4 1221
+75.0%
5+ 49
+125.0%

Summary: The College Park housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 23.3%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 125%.

Number of Homes Sold

Apr 2024May 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in College Park, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 7 homes were sold or pending in College Park in May 2024, up by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.

Days on Market for College Park, GA

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

Average Sale Time

May 2023May 2024CHANGE
48 Days17 Days-63.7%

Summary: Homes in College Park had an average of 17 days on market in May 2024, down by 63.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 7 homes were sold in College Park; 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.

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

Report Updated 16 Days Ago

Newest Listings in College Park, GA

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