Is Northwest Atlanta, 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, Northwest Atlanta has remained a Seller's Market.
Housing Prices in Northwest Atlanta, GA
How much do homes in Northwest Atlanta, GA cost?
Median Sold Price
$394,695
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northwest Atlanta was $394,695 in April 2024, up 6.6% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $200K | -7.0% |
2 Bedrooms | $299.5K | $315K | +5.2% |
3 Bedrooms | $375.1K | $379.7K | +1.2% |
4 Bedrooms | $504.6K | $565K | +12.0% |
5+ Bedrooms | $550K | $562.5K | +2.3% |
Summary: Northwest Atlanta housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Neighborhoods
Northwest Atlanta | $370.3K | $394.6K | +6.6% |
West Highlands | $569K | $580K | +1.9% |
Housing Supply in Northwest Atlanta, GA
How many homes are available in Northwest Atlanta, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
438 | 532 | +21.5% |
Summary: The Northwest Atlanta real estate market had 532 homes for sale in April 2024, a 21.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 13 | -7.1% |
2 Bedrooms | 75 | 100 | +33.3% |
3 Bedrooms | 209 | 248 | +18.7% |
4 Bedrooms | 101 | 127 | +25.7% |
5+ Bedrooms | 39 | 44 | +12.8% |
Summary: The Northwest Atlanta housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.1%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 18.7%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 12.8%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 97 | +31.1% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 97 homes were sold or pending in Northwest Atlanta in April 2024, up by 31.1% month-over-month. Of the 86 sold homes, 55% were sold under asking, 17% were sold at asking, and 28% were sold over asking.
Days on Market for Northwest Atlanta, GA
How long does it take to sell a home in Northwest Atlanta, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 37 Days | +31.4% |
Summary: Homes in Northwest Atlanta had an average of 37 days on market in Apr 2024, up by 31.4% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During April 2024, 97 homes were sold in Northwest Atlanta; 61% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.