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.

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.

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