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 seller's market

Buyer's
Market

Difference Since June 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

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$20,050(+8.4%)

Key Takeaway

Homes in College Park have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in College Park was $260,000 in June 2024, up 8.4% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $205K$192.4K
-6.1%
3 $233.2K$245K
+5.0%
4 $299.9K$299.9K
0.0%
5+ $298.8K$325K
+8.8%

Summary: College Park housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 8.8%.

Median Sold Price Compared To Nearby Cities

College Park
+8.4%
Forest Park
+5.1%
Forest Park-Morrow
-0.3%
Hapeville
-1.0%
College Park
-2.3%

Housing Supply in College Park, GA

How many homes are available in College Park, GA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
6762-7.5%

Summary: The College Park real estate market had 62 homes for sale in June 2024, a 7.5% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 4336
-16.3%
4 1516
+6.7%
5+ 35
+66.7%

Summary: The College Park housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 16.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

May 2024Jun 2024CHANGE
1311-15.4%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in College Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in College Park in June 2024, down by 15.4% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% 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

Jun 2023Jun 2024CHANGE
17 Days39 Days+131.4%

Summary: Homes in College Park had an average of 39 days on market in Jun 2024, up by 131.4% 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

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 June 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.

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

Report Updated 20 Days Ago

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