Is Northwest 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, Northwest Atlanta was a Seller's Market.
Key Takeaway
Northwest Atlanta 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 Northwest Atlanta, GA
How much do homes in Northwest Atlanta, GA cost?
Median Sold Price
$396,957
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northwest Atlanta have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Northwest Atlanta was $396,957 in March 2024, up 6.4% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $204K | -5.1% |
| 2 Bedrooms | $300K | $317.5K | +5.8% |
| 3 Bedrooms | $376.2K | $384.7K | +2.3% |
| 4 Bedrooms | $495K | $569K | +14.9% |
| 5+ Bedrooms | $585K | $550K | -6.0% |
Summary: Northwest Atlanta housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Neighborhoods
| Carver Hills | $202.5K | $237.5K | +17.3% |
| Northwest Atlanta | $373K | $396.9K | +6.4% |
| West Highlands | $560K | $580K | +3.6% |
Housing Supply in Northwest Atlanta, GA
How many homes are available in Northwest Atlanta, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 421 | 485 | +15.2% |
Summary: The Northwest Atlanta real estate market had 485 homes for sale in March 2024, a 15.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 16 | +23.1% |
| 2 Bedrooms | 77 | 85 | +10.4% |
| 3 Bedrooms | 204 | 230 | +12.7% |
| 4 Bedrooms | 93 | 114 | +22.6% |
| 5+ Bedrooms | 34 | 40 | +17.6% |
Summary: The Northwest Atlanta housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.1%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 82 | 75 | -8.5% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northwest Atlanta, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in Northwest Atlanta in March 2024, down by 8.5% month-over-month. Of the 67 sold homes, 52% were sold under asking, 28% were sold at asking, and 19% were sold over asking.
Days on Market for Northwest Atlanta, GA
How long does it take to sell a home in Northwest Atlanta, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 39 Days | -6.6% |
Summary: Homes in Northwest Atlanta had an average of 39 days on market in Mar 2024, down by 6.6% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northwest Atlanta are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 75 homes were sold in Northwest Atlanta; 61% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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