Is Midtown, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Midtown has remained a Seller's Market.
Housing Prices in Midtown, GA
How much do homes in Midtown, GA cost?
Median Sold Price
$385,525
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Midtown was $385,525 in April 2024, up 2.2% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $285K | $288K | +1.1% |
2 Bedrooms | $467.5K | $460K | -1.6% |
3 Bedrooms | $750K | $825K | +10.0% |
4 Bedrooms | $975K | $946.2K | -2.9% |
5+ Bedrooms | $1.6M | $1.8M | +13.3% |
Summary: Midtown housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 13.3%.
Housing Supply in Midtown, GA
How many homes are available in Midtown, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
399 | 470 | +17.8% |
Summary: The Midtown real estate market had 470 homes for sale in April 2024, a 17.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 191 | 234 | +22.5% |
2 Bedrooms | 145 | 167 | +15.2% |
3 Bedrooms | 42 | 42 | 0.0% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Midtown housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.5%, 2 bedroom homes increased by 15.2%, 3 bedroom homes remained the same, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 89 | +29.0% |
Asking Price vs. Sold Price
59 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 89 homes were sold or pending in Midtown in April 2024, up by 29.0% month-over-month. Of the 88 sold homes, 67% were sold under asking, 17% were sold at asking, and 16% were sold over asking.
Days on Market for Midtown, GA
How long does it take to sell a home in Midtown, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 43 Days | +22.1% |
Summary: Homes in Midtown had an average of 43 days on market in Apr 2024, up by 22.1% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During April 2024, 89 homes were sold in Midtown; 60% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.