Is Atlanta, IL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Atlanta is a seller's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Atlanta was a Neutral Market.

Key Takeaway

Atlanta is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Atlanta, IL

How much do homes in Atlanta, IL cost?

Median Sold Price

$158,000

$102/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$33,000(+26.4%)

Key Takeaway

Homes in Atlanta have sold for 26.4% more than they did a year ago.

Summary: The median home sold price in Atlanta was $158,000 in March 2024, up 26.4% from last year, and the median price per square foot was $102.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $37.5K$70K
+86.7%
2 $116K$100K
-13.8%
3 $125K$157K
+25.6%
4 $245K$187.4K
-23.5%
5+ -$225K
N/A

Summary: Atlanta housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 86.7%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes increased by 25.6%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Atlanta Township
+27.2%
Atlanta
+26.4%

Housing Supply in Atlanta, IL

How many homes are available in Atlanta, IL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1112+9.1%

Summary: The Atlanta real estate market had 12 homes for sale in March 2024, a 9.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 65
-16.7%
4 45
+25.0%
5+ 00
0.0%

Summary: The Atlanta housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Atlanta, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Atlanta in March 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Atlanta, IL

How long does it take to sell a home in Atlanta, IL?

Average Sale Time

Mar 2023Mar 2024CHANGE
109 Days18 Days-82.8%

Summary: Homes in Atlanta had an average of 18 days on market in Mar 2024, down by 82.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Atlanta are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 4 homes were sold in Atlanta; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 23 Days Ago

Newest Listings in Atlanta, IL

Nearby Markets to Atlanta, IL