Is East Lake, 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, East Lake has remained a Seller's Market.
Housing Prices in East Lake, GA
How much do homes in East Lake, GA cost?
Median Sold Price
$620,000
$309/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Lake was $620,000 in March 2024, up 2.5% from last year, and the median price per square foot was $309.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $182.1K | $172K | -5.6% |
2 Bedrooms | $390K | $360K | -7.7% |
3 Bedrooms | $571.5K | $551.2K | -3.5% |
4 Bedrooms | $720K | $717.5K | -0.3% |
5+ Bedrooms | $939K | $985K | +4.9% |
Summary: East Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in East Lake, GA
How many homes are available in East Lake, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 38 | +18.8% |
Summary: The East Lake real estate market had 38 homes for sale in March 2024, a 18.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 11 | 13 | +18.2% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The East Lake housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in East Lake in March 2024, up by 40.0% month-over-month. Of the 7 sold homes, 14% were sold under asking, 29% were sold at asking, and 57% were sold over asking.
Days on Market for East Lake, GA
How long does it take to sell a home in East Lake, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 18 Days | -61.2% |
Summary: Homes in East Lake had an average of 18 days on market in Mar 2024, down by 61.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in East Lake; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.