$8,253 Closing Credit*
$695,000
2,340 SqFt
3 Beds
•3 Full Baths
Reggie Ray, Listing Office: Keller Williams Realty Atl. Partners
Is Palmetto, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Palmetto was a Seller's Market.
Key Takeaway
Palmetto is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palmetto, GA
How much do homes in Palmetto, GA cost?
Median Sold Price
$355,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$4,423(+1.3%)
Key Takeaway
Homes in Palmetto have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Palmetto was $355,000 in September 2024, up 1.3% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $505K | $275K | -45.5% |
| 2 Bedrooms | $672.5K | $605K | -10.0% |
| 3 Bedrooms | $295K | $286.9K | -2.7% |
| 4 Bedrooms | $377.5K | $380K | +0.7% |
| 5+ Bedrooms | $657.5K | $605K | -8.0% |
Summary: Palmetto housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.5%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Cities
| Fairburn | $344K | $349.8K | +1.7% |
| Palmetto | $350.5K | $355K | +1.3% |
| Chattahoochee Hills | $760.7K | $762.5K | 0.2% |
| Fairburn-Union City | $285K | $280.9K | -1.4% |
Housing Supply in Palmetto, GA
How many homes are available in Palmetto, GA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 106 | 116 | +9.4% |
Summary: The Palmetto real estate market had 116 homes for sale in September 2024, a 9.4% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 28 | +33.3% |
| 3 Bedrooms | 37 | 33 | -10.8% |
| 4 Bedrooms | 35 | 38 | +8.6% |
| 5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Palmetto housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 22 | 9 | -59.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmetto, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Palmetto in September 2024, down by 59.1% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 24 Days | 40 Days | +61.6% |
Summary: Homes in Palmetto had an average of 40 days on market in Sep 2024, up by 61.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Palmetto are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 9 homes were sold in Palmetto; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide 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. This property is offered without respect to any protected classes in accordance with the law.