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
Since last year, College Park has remained a Seller's Market.
Key Takeaway
College Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in College Park, GA
How much do homes in College Park, GA cost?
Median Sold Price
$260,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in College Park have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in College Park was $260,000 in March 2024, up 7.7% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $199.9K | -4.8% |
| 3 Bedrooms | $226K | $245K | +8.4% |
| 4 Bedrooms | $290K | $300K | +3.4% |
| 5+ Bedrooms | $312K | $325K | +4.2% |
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 4.8%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| College Park | $241.5K | $260K | +7.7% |
| Forest Park | $190K | $200K | +5.3% |
| Hapeville | $294.9K | $299.5K | +1.5% |
| College Park | $370K | $373K | +0.8% |
| Forest Park-Morrow | $231.3K | $232.2K | 0.4% |
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 |
|---|---|---|
| 46 | 51 | +10.9% |
Summary: The College Park real estate market had 51 homes for sale in March 2024, a 10.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 26 | 30 | +15.4% |
| 4 Bedrooms | 14 | 16 | +14.3% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The College Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in College Park, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in College Park in March 2024, up by 7.7% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% 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 |
|---|---|---|
| 70 Days | 28 Days | -59.4% |
Summary: Homes in College Park had an average of 28 days on market in Mar 2024, down by 59.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in College Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in College Park; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% 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.