Is Inman Park, 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, Inman Park was a Seller's Market.
Key Takeaway
Inman Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Inman Park, GA
How much do homes in Inman Park, GA cost?
Median Sold Price
$737,777
$450/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Inman Park have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Inman Park was $737,777 in June 2024, up 12.6% from last year, and the median price per square foot was $450.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $352.5K | $365K | +3.5% |
| 2 Bedrooms | $581K | $612.5K | +5.4% |
| 3 Bedrooms | $1.0M | $1.0M | +2.9% |
| 4 Bedrooms | $1.5M | $1.3M | -13.1% |
| 5+ Bedrooms | $1.3M | $1.7M | +30.0% |
Summary: Inman Park housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 13.1%, 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
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 19 | 29 | +52.6% |
Summary: The Inman Park real estate market had 29 homes for sale in June 2024, a 52.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 1 | 5 | +400.0% |
| 4 Bedrooms | 6 | 4 | -33.3% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Inman Park housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 400%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Inman Park, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Inman Park in June 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 11 Days | 13 Days | +21.6% |
Summary: Homes in Inman Park had an average of 13 days on market in Jun 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Inman Park are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 4 homes were sold in Inman Park; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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