Is College Park, 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, College Park was a Seller's Market.
Key Takeaway
College Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in College Park, GA
How much do homes in College Park, GA cost?
Median Sold Price
$373,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in College Park has remained the same since last year.
Summary: The median home sold price in College Park was $373,000 in April 2024, up 0.3% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $236K | N/A |
| 2 Bedrooms | $299.9K | $280K | -6.7% |
| 3 Bedrooms | $275K | $355K | +29.1% |
| 4 Bedrooms | $440K | $435K | -1.1% |
| 5+ Bedrooms | $625K | $625K | 0.0% |
Summary: College Park 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 decreased by 6.7%, 3 bedroom homes increased by 29.1%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| College Park | $241.5K | $259K | +7.2% |
| Atlanta | $400.1K | $420.1K | +5.0% |
| East Point | $291.7K | $296.1K | +1.5% |
| College Park | $372K | $373K | 0.3% |
| Fairburn-Union City | $285.1K | $282.1K | -1.1% |
Housing Supply in College Park, GA
How many homes are available in College Park, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 66 | 72 | +9.1% |
Summary: The College Park real estate market had 72 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 37 | 41 | +10.8% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The College Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 10.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in College Park, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in College Park in April 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for College Park, GA
How long does it take to sell a home in College Park, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 49 Days | +27.2% |
Summary: Homes in College Park had an average of 49 days on market in Apr 2024, up by 27.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in College Park are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in College Park; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.