Is Palmetto, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Palmetto is a neutral's market

Buyer's
Market

Difference Since July 2021

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

Key Takeaway

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

How much do homes in Palmetto, GA cost?

Median Sold Price

$269,000

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$85,000(+46.2%)

Key Takeaway

Homes in Palmetto have sold for 46.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $111.5K-
N/A
2 $125K$86K
-31.2%
3 $159.5K$216K
+35.4%
4 $227.5K$335K
+47.3%
5+ $300K$368K
+22.7%

Median Sold Price Compared To Nearby Cities

Palmetto
+46.2%
Fairburn-Union City
+31.9%
Fairburn
+25.4%
Chattahoochee Hills
-10.9%

How many homes are available in Palmetto, GA?

Number of Homes For Sale

Jun 2022Jul 2022%
3233+3.1%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 14
+300.0%
3 2019
-5.0%
4 109
-10.0%
5+ 11
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
105-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Palmetto, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
6 Days13 Days+130.0%

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 Palmetto are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

New

204 Morris St, Palmetto, GA 30268

204 Morris St, Palmetto, GA 30268

$200,000
1,184 SqFt
2 Bedrooms
~$1,000/mo.*1 Full Bath
#10081322
Listing Office:
Mark Spain Real EstateMLS logo

New

204 Morris St, Palmetto, GA 30268

204 Morris St, Palmetto, GA 30268

$200,000
1,184 SqFt
2 Bedrooms
~$1,000/mo.*1 Full Bath
#7099055
Listing Office:
Mark Spain Real EstateMLS logo

New

501 Harris, Palmetto, GA 30268

501 Harris, Palmetto, GA 30268

$395,000
3,000 SqFt
5 Bedrooms
~$1,950/mo.*2 Full Baths
#20066280
Listing Office:
JP & Assoc. Realtors Metro ATLMLS logo
544 Palmetto Oaks Trl, Palmetto, GA 30268

544 Palmetto Oaks Trl, Palmetto, GA 30268

$417,000
3,396 SqFt
5 Bedrooms
~$2,100/mo.*4 Full Baths
#20053434
Listing Office:
Southern Classic RealtorsMLS logo
234 Fayetteville Rd, Palmetto, GA 30268

234 Fayetteville Rd, Palmetto, GA 30268

$98,000
1.80 Acres 
~$500/mo.*
#10079929
Listing Office:
Simple Showing IncMLS logo
0 Debbie Ct Unit 6, Palmetto, GA 30268

0 Debbie Ct Unit 6, Palmetto, GA 30268

$30,000
0.40 Acres 
~$150/mo.*
#10078722
Listing Office:
Keller Williams Rlty. PartnersMLS logo

Backup Offers

215 Fond Ct, Palmetto, GA 30268

215 Fond Ct, Palmetto, GA 30268

$205,000
1,664 SqFt
3 Bedrooms
~$1,000/mo.*2 Full Baths
#7094064
Listing Office:
Clickit RealtyMLS logo
501 Harris Ave, Palmetto, GA 30268

501 Harris Ave, Palmetto, GA 30268

$395,000
2,184 SqFt
5 Bedrooms
~$1,950/mo.*2 Full Baths, 2 Partial
#7091086
Listing Office:
JP& Associates REALTORS Metro AtlantaMLS logo

Backup Offers

613 Palmetto Oaks Way, Palmetto, GA 30268

613 Palmetto Oaks Way, Palmetto, GA 30268

$436,490
2,335 SqFt
4 Bedrooms
~$2,200/mo.*3 Full Baths
#7088636
Listing Office:
Liberty Realty Professionals, LLCMLS logo
513 Griffith Dr, Palmetto, GA 30268

513 Griffith Dr, Palmetto, GA 30268

$249,000
1,428 SqFt
3 Bedrooms
~$1,250/mo.*2 Full Baths
#10069386
Listing Office:
Coldwell Banker RealtyMLS logo
8435 Tatum Rd, Palmetto, GA 30268

8435 Tatum Rd, Palmetto, GA 30268

$335,000
1,946 SqFt
3 Bedrooms
~$1,650/mo.*2 Full Baths
#7078711
Listing Office:
SRBOA, Inc.MLS logo
210 Sabal Dr, Palmetto, GA 30268

210 Sabal Dr, Palmetto, GA 30268

$369,999
 
4 Bedrooms
~$1,850/mo.*3 Full Baths
#20054969
Listing Office:
Prestige Properties of GeorgiaMLS logo

About Palmetto, GA

There are 33 homes are for sale in Palmetto, GA real estate market. In July 2022 in Palmetto, GA there were 3.1% more homes for sale than in June 2022. While the average time on the market in July 2022 was 13 days, the median list price was $269,000. This housing market listing prices have changed between June 2022 and July 2022: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices decreased by 31.2%, 3 bedrooms properties became 35.4% more expensive, 4 bedrooms properties prices increased by 47.3%, the cost of 5 bedrooms properties went up by 22.7%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, 2 bedrooms homes became 300% more available, the quantity of 3 bedrooms homes went down by 5%, 4 bedrooms homes inventory decreased by 10%, the quantity of 5 bedrooms homes have not changed. In July 2022 more than 3 listings in Palmetto, GA were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 1 were sold below.

MLS Disclaimers and Copyright

Based on information from Georgia MLS, and First Multiple Listing Service Inc. for the period 08/01/2020 - 08/01/2022

IDX Based on information from the Georgia MLS © 2022.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/19/2022, 6:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2022 First Multiple Listing Service, Inc.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/19/2022, 6:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Related Housing Market Reports

Popular Cities with Homes for Sale in Georgia