Is Palmetto, 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, Palmetto was a Seller's Market.
Key Takeaway
Palmetto is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Palmetto, GA
How much do homes in Palmetto, GA cost?
Median Sold Price
$365,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Palmetto have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Palmetto was $365,000 in April 2024, up 12.3% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $505K | $1.0M | +98.0% |
| 2 Bedrooms | $580K | $605K | +4.3% |
| 3 Bedrooms | $271.5K | $300K | +10.5% |
| 4 Bedrooms | $380.7K | $380K | -0.2% |
| 5+ Bedrooms | $390K | $1.3M | +239.8% |
Summary: Palmetto housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 98%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 239.8%.
Median Sold Price Compared To Nearby Cities
| Chattahoochee Hills | $652.5K | $859.5K | +31.7% |
| Palmetto | $325K | $365K | +12.3% |
| Fairburn | $340K | $347.3K | +2.2% |
| Fairburn-Union City | $285.1K | $282.1K | -1.1% |
Housing Supply in Palmetto, GA
How many homes are available in Palmetto, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 86 | 84 | -2.3% |
Summary: The Palmetto real estate market had 84 homes for sale in April 2024, a 2.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 35 | 31 | -11.4% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Palmetto 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 increased by 5.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 10 | -41.2% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Palmetto, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Palmetto in April 2024, down by 41.2% month-over-month. Of the 10 sold homes, 60% were sold under asking, 10% were sold at asking, and 30% were sold over asking.
Days on Market for Palmetto, GA
How long does it take to sell a home in Palmetto, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 26 Days | -28.9% |
Summary: Homes in Palmetto had an average of 26 days on market in Apr 2024, down by 28.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Palmetto are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Palmetto; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% 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.