Is College Park, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, College Park was a Seller's Market.
Housing Prices in College Park, GA
How much do homes in College Park, GA cost?
Median Sold Price
$373,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in College Park was $373,000 in March 2024, up 0.8% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $236K | N/A |
2 Bedrooms | $299.9K | $280K | -6.7% |
3 Bedrooms | $269K | $360K | +33.8% |
4 Bedrooms | $452.5K | $435K | -3.9% |
5+ Bedrooms | $574K | $625K | +8.9% |
Summary: College Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 33.8%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 8.9%.
Median Sold Price Compared To Nearby Cities
College Park | $241.5K | $260K | +7.7% |
Atlanta | $400K | $419.7K | +4.9% |
College Park | $370K | $373K | +0.8% |
East Point | $299.6K | $295K | -1.6% |
Fairburn-Union City | $286.4K | $281.4K | -1.8% |
Housing Supply in College Park, GA
How many homes are available in College Park, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
59 | 74 | +25.4% |
Summary: The College Park real estate market had 74 homes for sale in March 2024, a 25.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 5 | 10 | +100.0% |
3 Bedrooms | 39 | 41 | +5.1% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The College Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 11 | +37.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in College Park in March 2024, up by 37.5% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 40 Days | -29.4% |
Summary: Homes in College Park had an average of 40 days on market in Mar 2024, down by 29.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in College Park; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.