Is Palmetto, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Palmetto was a Neutral Market.
Housing Prices in Palmetto, GA
How much do homes in Palmetto, GA cost?
Median Sold Price
$346,076
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Palmetto was $346,076 in November 2023, up 21.2% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $203.5K | $1.0M | +391.4% |
2 Bedrooms | $100K | $645K | +545.0% |
3 Bedrooms | $230K | $288K | +25.2% |
4 Bedrooms | $342.4K | $401K | +17.1% |
5+ Bedrooms | $374.7K | $755K | +101.5% |
Summary: Palmetto housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 391.4%, 2 bedroom homes increased by 545%, 3 bedroom homes increased by 25.2%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 101.5%.
Median Sold Price Compared To Nearby Cities
Chattahoochee Hills | $595.4K | $784.4K | +31.7% |
Palmetto | $285.5K | $346K | +21.2% |
Fairburn | $320K | $344.2K | +7.6% |
Fairburn-Union City | $284.7K | $284.9K | 0.0% |
Housing Supply in Palmetto, GA
How many homes are available in Palmetto, GA?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
80 | 94 | +17.5% |
Summary: The Palmetto real estate market had 94 homes for sale in November 2023, a 17.5% increase compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 20 | 20 | 0.0% |
3 Bedrooms | 34 | 40 | +17.6% |
4 Bedrooms | 18 | 24 | +33.3% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Palmetto housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
7 | 17 | +142.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Palmetto in November 2023, up by 142.9% month-over-month. Of the 15 sold homes, 80% were sold under asking, 13% 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
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
71 Days | 42 Days | -39.9% |
Summary: Homes in Palmetto had an average of 42 days on market in Nov 2023, down by 39.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During November 2023, 17 homes were sold in Palmetto; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.