Is East Point, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Point is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, East Point was a Seller's Market.

Key Takeaway

East Point is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in East Point, GA

How much do homes in East Point, GA cost?

Median Sold Price

$295,000

$182/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since May 2023.

Key Takeaway

The sold price of homes in East Point has remained the same since last year.

Summary: The median home sold price in East Point was $295,000 in May 2024, the same as last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $115K$124.9K
+8.7%
2 $228.7K$224.9K
-1.7%
3 $289.9K$289K
-0.3%
4 $371.2K$354.5K
-4.5%
5+ $371K$435K
+17.3%

Summary: East Point housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 17.3%.

Median Sold Price Compared To Nearby Cities

Atlanta
+4.5%
Hapeville
+4.3%
Fairburn-Union City
+0.7%
East Point
0.0%
College Park
-6.2%

Housing Supply in East Point, GA

How many homes are available in East Point, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
292326+11.6%

Summary: The East Point real estate market had 326 homes for sale in May 2024, a 11.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 5656
0.0%
3 169185
+9.5%
4 4863
+31.3%
5+ 1821
+16.7%

Summary: The East Point housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5554-1.8%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Point, you may be able to get a good deal. 54% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in East Point in May 2024, down by 1.8% month-over-month. Of the 50 sold homes, 54% were sold under asking, 34% were sold at asking, and 12% were sold over asking.

Days on Market for East Point, GA

How long does it take to sell a home in East Point, GA?

Average Sale Time

May 2023May 2024CHANGE
39 Days38 Days-2.1%

Summary: Homes in East Point had an average of 38 days on market in May 2024, down by 2.1% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Point are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 54 homes were sold in East Point; 52% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 9% 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 22 Days Ago

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