Is Southwestern Atlanta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Southwestern Atlanta was a Seller's Market.
Key Takeaway
Southwestern Atlanta is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southwestern Atlanta, GA
How much do homes in Southwestern Atlanta, GA cost?
Median Sold Price
$294,999
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southwestern Atlanta have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Southwestern Atlanta was $294,999 in April 2024, down 1.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $150K | -3.2% |
| 2 Bedrooms | $215.1K | $205K | -4.7% |
| 3 Bedrooms | $283.4K | $285.3K | +0.7% |
| 4 Bedrooms | $375K | $371.3K | -1.0% |
| 5+ Bedrooms | $468.3K | $455K | -2.8% |
Summary: Southwestern Atlanta housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in Southwestern Atlanta, GA
How many homes are available in Southwestern Atlanta, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 834 | 968 | +16.1% |
Summary: The Southwestern Atlanta real estate market had 968 homes for sale in April 2024, a 16.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 97 | 118 | +21.6% |
| 3 Bedrooms | 458 | 522 | +14.0% |
| 4 Bedrooms | 195 | 239 | +22.6% |
| 5+ Bedrooms | 77 | 83 | +7.8% |
Summary: The Southwestern Atlanta housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 22.6%, and 5+ bedroom homes increased by 7.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 139 | 134 | -3.6% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwestern Atlanta, you may be able to get a good deal. 46.3% of homes here sold below asking price last month.
Summary: A total of 134 homes were sold or pending in Southwestern Atlanta in April 2024, down by 3.6% month-over-month. Of the 123 sold homes, 46% were sold under asking, 28% were sold at asking, and 25% were sold over asking.
Days on Market for Southwestern Atlanta, GA
How long does it take to sell a home in Southwestern Atlanta, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 30 Days | 45 Days | +50.6% |
Summary: Homes in Southwestern Atlanta had an average of 45 days on market in Apr 2024, up by 50.6% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwestern Atlanta are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 134 homes were sold in Southwestern Atlanta; 50% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 10% 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.