Is Sandy Springs, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Sandy Springs has remained a Seller's Market.
Housing Prices in Sandy Springs, GA
How much do homes in Sandy Springs, GA cost?
Median Sold Price
$628,980
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Sandy Springs was $628,980 in June 2024, up 13.4% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $181K | $182K | +0.6% |
2 Bedrooms | $261.8K | $272K | +3.9% |
3 Bedrooms | $501.6K | $536.5K | +7.0% |
4 Bedrooms | $735K | $773.3K | +5.2% |
5+ Bedrooms | $1.1M | $1.2M | +2.7% |
Summary: Sandy Springs housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.6%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
Sandy Springs | $554.5K | $628.9K | +13.4% |
Roswell | $584.2K | $640K | +9.6% |
Northeast Cobb | $516.5K | $557K | +7.8% |
Dunwoody | $594.2K | $635K | +6.9% |
Chamblee-Doraville | $589.8K | $626.2K | +6.2% |
Housing Supply in Sandy Springs, GA
How many homes are available in Sandy Springs, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
610 | 676 | +10.8% |
Summary: The Sandy Springs real estate market had 676 homes for sale in June 2024, a 10.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 38 | 47 | +23.7% |
2 Bedrooms | 154 | 175 | +13.6% |
3 Bedrooms | 121 | 119 | -1.7% |
4 Bedrooms | 97 | 121 | +24.7% |
5+ Bedrooms | 200 | 214 | +7.0% |
Summary: The Sandy Springs housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.7%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes increased by 7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
143 | 122 | -14.7% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 122 homes were sold or pending in Sandy Springs in June 2024, down by 14.7% month-over-month. Of the 121 sold homes, 52% were sold under asking, 22% were sold at asking, and 26% were sold over asking.
Days on Market for Sandy Springs, GA
How long does it take to sell a home in Sandy Springs, GA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
23 Days | 25 Days | +5.7% |
Summary: Homes in Sandy Springs had an average of 25 days on market in Jun 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
92 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During June 2024, 122 homes were sold in Sandy Springs; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.