Is Downtown 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, Downtown Atlanta was a Seller's Market.
Housing Prices in Downtown Atlanta, GA
How much do homes in Downtown Atlanta, GA cost?
Median Sold Price
$275,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Downtown Atlanta was $275,000 in April 2024, down 1.6% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $250K | $257K | +2.8% |
2 Bedrooms | $345K | $372.5K | +8.0% |
3 Bedrooms | $645K | $587.4K | -8.9% |
4 Bedrooms | $680K | $950K | +39.7% |
5+ Bedrooms | - | $1.3M | N/A |
Summary: Downtown Atlanta housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 8%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 39.7%, and 5+ bedroom homes did not change.
Housing Supply in Downtown Atlanta, GA
How many homes are available in Downtown Atlanta, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
127 | 150 | +18.1% |
Summary: The Downtown Atlanta real estate market had 150 homes for sale in April 2024, a 18.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 72 | 90 | +25.0% |
2 Bedrooms | 43 | 46 | +7.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Downtown Atlanta housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 15 | -16.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Downtown Atlanta in April 2024, down by 16.7% month-over-month. Of the 15 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Downtown Atlanta, GA
How long does it take to sell a home in Downtown Atlanta, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 53 Days | +30.8% |
Summary: Homes in Downtown Atlanta had an average of 53 days on market in Apr 2024, up by 30.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Downtown Atlanta; 53% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.