Is Southeastern Atlanta, 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, 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
$297,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Southeastern Atlanta was $297,000 in May 2024, up 2.8% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $190K | -11.6% |
2 Bedrooms | $233.2K | $241.4K | +3.5% |
3 Bedrooms | $299.8K | $270K | -9.9% |
4 Bedrooms | $350K | $360.8K | +3.1% |
5+ Bedrooms | $349.8K | $367.7K | +5.1% |
Summary: Southeastern Atlanta housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.6%, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 9.9%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Neighborhoods
The Park at Browns Mill | $225K | $248K | +10.2% |
Southeastern Atlanta | $289K | $297K | +2.8% |
Housing Supply in Southeastern Atlanta, GA
How many homes are available in Southeastern Atlanta, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
304 | 327 | +7.6% |
Summary: The Southeastern Atlanta real estate market had 327 homes for sale in May 2024, a 7.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 13 | +30.0% |
2 Bedrooms | 26 | 21 | -19.2% |
3 Bedrooms | 154 | 174 | +13.0% |
4 Bedrooms | 87 | 94 | +8.0% |
5+ Bedrooms | 27 | 25 | -7.4% |
Summary: The Southeastern Atlanta housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 7.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 44 | -18.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 44 homes were sold or pending in Southeastern Atlanta in May 2024, down by 18.5% month-over-month. Of the 43 sold homes, 42% were sold under asking, 33% were sold at asking, and 26% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 34 Days | +23.9% |
Summary: Homes in Southeastern Atlanta had an average of 34 days on market in May 2024, up by 23.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 44 homes were sold in Southeastern Atlanta; 64% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.