Is Southeastern 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, Southeastern Atlanta was a Seller's Market.
Housing Prices in Southeastern Atlanta, GA
How much do homes in Southeastern Atlanta, GA cost?
Median Sold Price
$300,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southeastern Atlanta was $300,000 in April 2024, up 8.7% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $190K | -11.6% |
2 Bedrooms | $233K | $243K | +4.3% |
3 Bedrooms | $285K | $279.1K | -2.0% |
4 Bedrooms | $350K | $355.3K | +1.5% |
5+ Bedrooms | $349.6K | $367.7K | +5.2% |
Summary: Southeastern Atlanta housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.6%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Neighborhoods
Southeastern Atlanta | $276K | $300K | +8.7% |
Lakewood | $245K | $235K | -4.1% |
Housing Supply in Southeastern Atlanta, GA
How many homes are available in Southeastern Atlanta, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
283 | 322 | +13.8% |
Summary: The Southeastern Atlanta real estate market had 322 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 12 | +9.1% |
2 Bedrooms | 32 | 25 | -21.9% |
3 Bedrooms | 146 | 165 | +13.0% |
4 Bedrooms | 66 | 92 | +39.4% |
5+ Bedrooms | 28 | 28 | 0.0% |
Summary: The Southeastern Atlanta housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes decreased by 21.9%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 39.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 50 | -7.4% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Southeastern Atlanta in April 2024, down by 7.4% month-over-month. Of the 46 sold homes, 43% were sold under asking, 39% were sold at asking, and 17% were sold over asking.
Days on Market for Southeastern Atlanta, GA
How long does it take to sell a home in Southeastern Atlanta, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 59 Days | +112.0% |
Summary: Homes in Southeastern Atlanta had an average of 59 days on market in Apr 2024, up by 112% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 50 homes were sold in Southeastern Atlanta; 46% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.