Is Downtown Atlanta, 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, Downtown Atlanta was a Seller's Market.
Key Takeaway
Downtown Atlanta is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Downtown Atlanta, GA
How much do homes in Downtown Atlanta, GA cost?
Median Sold Price
$275,000
$281/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Downtown Atlanta has remained the same since last year.
Summary: The median home sold price in Downtown Atlanta was $275,000 in March 2024, the same as last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $252.4K | +3.0% |
| 2 Bedrooms | $325K | $372.5K | +14.6% |
| 3 Bedrooms | $645K | $525K | -18.6% |
| 4 Bedrooms | $680K | $950K | +39.7% |
| 5+ Bedrooms | - | $1.3M | N/A |
Summary: Downtown Atlanta housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 14.6%, 3 bedroom homes decreased by 18.6%, 4 bedroom homes increased by 39.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| The Landmark | $177K | $214K | +20.9% |
| Downtown Atlanta | $275K | $275K | 0.0% |
Housing Supply in Downtown Atlanta, GA
How many homes are available in Downtown Atlanta, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 106 | 137 | +29.2% |
Summary: The Downtown Atlanta real estate market had 137 homes for sale in March 2024, a 29.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 64 | 77 | +20.3% |
| 2 Bedrooms | 33 | 47 | +42.4% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Atlanta housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20.3%, 2 bedroom homes increased by 42.4%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Downtown Atlanta, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Downtown Atlanta in March 2024, up by 55.6% month-over-month. Of the 13 sold homes, 46% were sold under asking, 46% were sold at asking, and 8% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 68 Days | 78 Days | +14.0% |
Summary: Homes in Downtown Atlanta had an average of 78 days on market in Mar 2024, up by 14% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Downtown Atlanta has remained consistent over time.
Summary: During March 2024, 14 homes were sold in Downtown Atlanta; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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