Is Inman Park, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Inman Park is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Inman Park has remained a Seller's Market.

Key Takeaway

Inman Park is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Inman Park, GA

How much do homes in Inman Park, GA cost?

Median Sold Price

$745,000

$445/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$90,000(+13.7%)

Key Takeaway

Homes in Inman Park have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in Inman Park was $745,000 in May 2024, up 13.7% from last year, and the median price per square foot was $445.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $350K$363.5K
+3.9%
2 $580K$605K
+4.3%
3 $866K$1.1M
+29.6%
4 $1.5M$1.3M
-16.7%
5+ $1.3M$1.7M
+30.0%

Summary: Inman Park housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 29.6%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 30%.

Housing Supply in Inman Park, GA

How many homes are available in Inman Park, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2125+19.0%

Summary: The Inman Park real estate market had 25 homes for sale in May 2024, a 19.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 44
0.0%
2 78
+14.3%
3 12
+100.0%
4 68
+33.3%
5+ 33
0.0%

Summary: The Inman Park 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 increased by 14.3%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Inman Park, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Inman Park in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Inman Park, GA

How long does it take to sell a home in Inman Park, GA?

Average Sale Time

May 2023May 2024CHANGE
4 Days12 Days+160.7%

Summary: Homes in Inman Park had an average of 12 days on market in May 2024, up by 160.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 5 homes were sold in Inman Park; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% 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 12 Days Ago

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