Is Downtown Atlanta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Downtown Atlanta was a Seller's Market.
Housing Prices in Downtown Atlanta, GA
How much do homes in Downtown Atlanta, GA cost?
Median Sold Price
$275,000
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Downtown Atlanta was $275,000 in June 2024, down 1.4% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237K | $260K | +9.7% |
2 Bedrooms | $348.8K | $375K | +7.5% |
3 Bedrooms | $645K | $644.4K | -0.1% |
4 Bedrooms | $950K | - | N/A |
5+ Bedrooms | - | $1.3M | N/A |
Summary: Downtown Atlanta housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Downtown Atlanta, GA
How many homes are available in Downtown Atlanta, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
146 | 167 | +14.4% |
Summary: The Downtown Atlanta real estate market had 167 homes for sale in June 2024, a 14.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 97 | 108 | +11.3% |
2 Bedrooms | 40 | 48 | +20.0% |
3 Bedrooms | 6 | 7 | +16.7% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Atlanta housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
15 | 18 | +20.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Downtown Atlanta in June 2024, up by 20.0% month-over-month. Of the 18 sold homes, 72% were sold under asking, 22% were sold at asking, and 6% were sold over asking.
Days on Market for Downtown Atlanta, GA
How long does it take to sell a home in Downtown Atlanta, GA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
62 Days | 76 Days | +22.2% |
Summary: Homes in Downtown Atlanta had an average of 76 days on market in Jun 2024, up by 22.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During June 2024, 18 homes were sold in Downtown Atlanta; 28% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.