Is Vinings, 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, Vinings has remained a Seller's Market.
Key Takeaway
Vinings is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Vinings, GA cost?
Median Sold Price
$468,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Vinings have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Vinings was $468,000 in August 2023, down 1.1% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182K | $191.2K | +5.1% |
| 2 Bedrooms | $305K | $318K | +4.3% |
| 3 Bedrooms | $433.2K | $449.9K | +3.9% |
| 4 Bedrooms | $564.2K | $625K | +10.8% |
| 5+ Bedrooms | $782K | $792.5K | +1.3% |
Summary: Vinings housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Northeast Cobb | $490.3K | $526.1K | +7.3% |
| Atlanta | $388.7K | $404.8K | +4.1% |
| Smyrna | $424.5K | $439.9K | +3.6% |
| Vinings | $473K | $468K | -1.1% |
| Mableton | $332.7K | $327.9K | -1.4% |
Housing Supply
How many homes are available in Vinings, GA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 210 | 212 | +1.0% |
Summary: The Vinings real estate market had 212 homes for sale in August 2023, a 1.0% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 31 | 29 | -6.5% |
| 3 Bedrooms | 90 | 97 | +7.8% |
| 4 Bedrooms | 55 | 58 | +5.5% |
| 5+ Bedrooms | 27 | 22 | -18.5% |
Summary: The Vinings housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes decreased by 18.5%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 55 | 68 | +23.6% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vinings, you may be able to get a good deal. 49.2% of homes here sold below asking price last month.
Summary: A total of 68 homes were sold or pending in Vinings in August 2023, up by 23.6% month-over-month. Of the 65 sold homes, 49% were sold under asking, 23% were sold at asking, and 28% were sold over asking.
Days on Market
How long does it take to sell a home in Vinings, GA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 18 Days | 34 Days | +88.6% |
Summary: Homes in Vinings had an average of 34 days on market in Aug 2023, up by 88.6% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vinings are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 68 homes were sold in Vinings; 63% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 9% 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.