Is Buckhead, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Buckhead was a Seller's Market.
Housing Prices in Buckhead, GA
How much do homes in Buckhead, GA cost?
Median Sold Price
$666,924
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Buckhead was $666,924 in May 2024, up 21.4% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $255K | $251.6K | -1.3% |
2 Bedrooms | $350K | $405.4K | +15.8% |
3 Bedrooms | $749.8K | $750K | 0.0% |
4 Bedrooms | $1.0M | $1.1M | +3.7% |
5+ Bedrooms | $1.8M | $2.1M | +13.5% |
Summary: Buckhead housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 15.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 13.5%.
Median Sold Price Compared To Nearby Neighborhoods
Tuxedo Park | $1.6M | $2.4M | +47.0% |
Buckhead | $549.2K | $666.9K | +21.4% |
Housing Supply in Buckhead, GA
How many homes are available in Buckhead, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
942 | 1,066 | +13.2% |
Summary: The Buckhead real estate market had 1,066 homes for sale in May 2024, a 13.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 147 | 170 | +15.6% |
2 Bedrooms | 239 | 283 | +18.4% |
3 Bedrooms | 190 | 205 | +7.9% |
4 Bedrooms | 128 | 147 | +14.8% |
5+ Bedrooms | 238 | 261 | +9.7% |
Summary: The Buckhead housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
167 | 159 | -4.8% |
Asking Price vs. Sold Price
86 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
50 Homes Were Sold
Over Asking
Summary: A total of 159 homes were sold or pending in Buckhead in May 2024, down by 4.8% month-over-month. Of the 155 sold homes, 55% were sold under asking, 12% were sold at asking, and 32% were sold over asking.
Days on Market for Buckhead, GA
How long does it take to sell a home in Buckhead, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 40 Days | +17.5% |
Summary: Homes in Buckhead had an average of 40 days on market in May 2024, up by 17.5% compared to last year.
Breakdown of Home Sale Times
106 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Summary: During May 2024, 159 homes were sold in Buckhead; 67% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.