Is Peachtree Corners, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Peachtree Corners has remained a Seller's Market.
Key Takeaway
Peachtree Corners is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Peachtree Corners, GA cost?
Median Sold Price
$510,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Peachtree Corners have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in Peachtree Corners was $510,000 in August 2023, up 15.8% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163K | $187.4K | +15.0% |
| 2 Bedrooms | $243.4K | $250K | +2.7% |
| 3 Bedrooms | $380.3K | $442K | +16.2% |
| 4 Bedrooms | $500K | $570K | +14.0% |
| 5+ Bedrooms | $671.5K | $720K | +7.2% |
Summary: Peachtree Corners housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Peachtree Corners | $440.3K | $510K | +15.8% |
| Johns Creek | $606.5K | $639.9K | +5.5% |
| Sandy Springs | $537.8K | $559.4K | +4.0% |
| Norcross | $365K | $335K | -8.2% |
| Berkeley Lake | $715K | $603.5K | -15.6% |
Housing Supply
How many homes are available in Peachtree Corners, GA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 94 | 100 | +6.4% |
Summary: The Peachtree Corners real estate market had 100 homes for sale in August 2023, a 6.4% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 23 | 21 | -8.7% |
| 3 Bedrooms | 41 | 38 | -7.3% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The Peachtree Corners housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 35 | 27 | -22.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Peachtree Corners, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Peachtree Corners in August 2023, down by 22.9% month-over-month. Of the 27 sold homes, 22% were sold under asking, 30% were sold at asking, and 48% were sold over asking.
Days on Market
How long does it take to sell a home in Peachtree Corners, GA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 15 Days | 40 Days | +162.9% |
Summary: Homes in Peachtree Corners had an average of 40 days on market in Aug 2023, up by 162.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Peachtree Corners are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 27 homes were sold in Peachtree Corners; 81% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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.