Is Avondale Estates, 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, Avondale Estates was a Seller's Market.
Key Takeaway
Avondale Estates is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Avondale Estates, GA
How much do homes in Avondale Estates, GA cost?
Median Sold Price
$500,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Avondale Estates have sold for 13% less than they did a year ago.
Summary: The median home sold price in Avondale Estates was $500,000 in April 2024, down 13% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $237.5K | $244.2K | +2.8% |
| 3 Bedrooms | $515K | $514.5K | -0.1% |
| 4 Bedrooms | $628K | $736.2K | +17.2% |
| 5+ Bedrooms | $792.5K | $935K | +18.0% |
Summary: Avondale Estates housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 18%.
Median Sold Price Compared To Nearby Cities
| Atlanta-Decatur | $354.4K | $349.6K | -1.3% |
| Avondale Estates | $575K | $500K | -13.0% |
Housing Supply in Avondale Estates, GA
How many homes are available in Avondale Estates, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 23 | 35 | +52.2% |
Summary: The Avondale Estates real estate market had 35 homes for sale in April 2024, a 52.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 6 | 16 | +166.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Avondale Estates housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 166.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Avondale Estates, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Avondale Estates in April 2024, the same as the previous month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Avondale Estates, GA
How long does it take to sell a home in Avondale Estates, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 88 Days | +184.7% |
Summary: Homes in Avondale Estates had an average of 88 days on market in Apr 2024, up by 184.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Avondale Estates has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Avondale Estates; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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