Is Sandy Springs, 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, Sandy Springs has remained a Seller's Market.
Key Takeaway
Sandy Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sandy Springs, GA
How much do homes in Sandy Springs, GA cost?
Median Sold Price
$621,844
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sandy Springs have sold for 12.9% more than they did a year ago.
Summary: The median home sold price in Sandy Springs was $621,844 in March 2024, up 12.9% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184.7K | $182.5K | -1.2% |
| 2 Bedrooms | $260K | $273.6K | +5.3% |
| 3 Bedrooms | $506.5K | $512K | +1.1% |
| 4 Bedrooms | $740.6K | $757.5K | +2.3% |
| 5+ Bedrooms | $1.1M | $1.2M | +6.0% |
Summary: Sandy Springs housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.2%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes increased by 6%.
Median Sold Price Compared To Nearby Cities
| Sandy Springs | $551K | $621.8K | +12.9% |
| Dunwoody | $583.9K | $630K | +7.9% |
| Roswell | $578.5K | $623.7K | +7.8% |
| Northeast Cobb | $511.7K | $550K | +7.5% |
| Chamblee-Doraville | $590.5K | $624.3K | +5.7% |
Housing Supply in Sandy Springs, GA
How many homes are available in Sandy Springs, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 480 | 570 | +18.8% |
Summary: The Sandy Springs real estate market had 570 homes for sale in March 2024, a 18.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 35 | 45 | +28.6% |
| 2 Bedrooms | 112 | 126 | +12.5% |
| 3 Bedrooms | 120 | 136 | +13.3% |
| 4 Bedrooms | 76 | 91 | +19.7% |
| 5+ Bedrooms | 137 | 172 | +25.5% |
Summary: The Sandy Springs housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 19.7%, and 5+ bedroom homes increased by 25.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 117 | 130 | +11.1% |
Asking Price vs. Sold Price
62 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sandy Springs, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.
Summary: A total of 130 homes were sold or pending in Sandy Springs in March 2024, up by 11.1% month-over-month. Of the 127 sold homes, 49% were sold under asking, 21% were sold at asking, and 30% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 27 Days | -19.2% |
Summary: Homes in Sandy Springs had an average of 27 days on market in Mar 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
98 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sandy Springs are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 130 homes were sold in Sandy Springs; 75% of homes were sold within 30 days, 14% 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.