Is Southeastern Atlanta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Southeastern Atlanta was a Seller's Market.
Housing Prices in Southeastern Atlanta, GA
How much do homes in Southeastern Atlanta, GA cost?
Median Sold Price
$300,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Southeastern Atlanta was $300,000 in March 2024, up 9.1% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220.5K | $190K | -13.8% |
2 Bedrooms | $225K | $250K | +11.1% |
3 Bedrooms | $280.3K | $279.6K | -0.3% |
4 Bedrooms | $350K | $358.9K | +2.5% |
5+ Bedrooms | $348.1K | $365.1K | +4.9% |
Summary: Southeastern Atlanta housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Neighborhoods
Southeastern Atlanta | $275K | $300K | +9.1% |
Lakewood | $245K | $255K | +4.1% |
Housing Supply in Southeastern Atlanta, GA
How many homes are available in Southeastern Atlanta, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
276 | 321 | +16.3% |
Summary: The Southeastern Atlanta real estate market had 321 homes for sale in March 2024, a 16.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 17 | +54.5% |
2 Bedrooms | 29 | 36 | +24.1% |
3 Bedrooms | 141 | 168 | +19.1% |
4 Bedrooms | 68 | 71 | +4.4% |
5+ Bedrooms | 27 | 29 | +7.4% |
Summary: The Southeastern Atlanta housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 54.5%, 2 bedroom homes increased by 24.1%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 51 | +21.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Southeastern Atlanta in March 2024, up by 21.4% month-over-month. Of the 43 sold homes, 37% were sold under asking, 33% were sold at asking, and 30% were sold over asking.
Days on Market for Southeastern Atlanta, GA
How long does it take to sell a home in Southeastern Atlanta, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 45 Days | +5.0% |
Summary: Homes in Southeastern Atlanta had an average of 45 days on market in Mar 2024, up by 5% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During March 2024, 51 homes were sold in Southeastern Atlanta; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.