Is Palmetto, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Palmetto has remained a Seller's Market.
Housing Prices in Palmetto, GA
How much do homes in Palmetto, GA cost?
Median Sold Price
$362,450
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Palmetto was $362,450 in March 2024, up 11.5% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $505K | $1.0M | +98.0% |
2 Bedrooms | $275K | $658.7K | +139.5% |
3 Bedrooms | $271.5K | $294K | +8.3% |
4 Bedrooms | $363K | $380K | +4.7% |
5+ Bedrooms | $385.7K | $1.3M | +243.5% |
Summary: Palmetto housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 98%, 2 bedroom homes increased by 139.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 243.5%.
Median Sold Price Compared To Nearby Cities
Chattahoochee Hills | $628.6K | $856K | +36.2% |
Palmetto | $325K | $362.4K | +11.5% |
Fairburn | $339.9K | $348.5K | +2.5% |
Fairburn-Union City | $286.4K | $281.4K | -1.8% |
Housing Supply in Palmetto, GA
How many homes are available in Palmetto, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
75 | 90 | +20.0% |
Summary: The Palmetto real estate market had 90 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 21 | 22 | +4.8% |
3 Bedrooms | 23 | 26 | +13.0% |
4 Bedrooms | 27 | 35 | +29.6% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Palmetto housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 17 | +142.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Palmetto in March 2024, up by 142.9% month-over-month. Of the 15 sold homes, 53% were sold under asking, 40% were sold at asking, and 7% were sold over asking.
Days on Market for Palmetto, GA
How long does it take to sell a home in Palmetto, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 34 Days | -35.6% |
Summary: Homes in Palmetto had an average of 34 days on market in Mar 2024, down by 35.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Palmetto; 41% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.