Atlanta, GA
Housing Market
Atlanta's housing market is dynamic, with home prices and demand constantly shifting. Houzeo's housing market report monitors these fluctuations, providing real-time insights into Atlanta's supply and demand trends. Our report equips you with all the information you need to make well-informed decisions.
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Buy or SellAtlanta Housing Market Overview
The housing market in Atlanta offers diverse options across distinctive neighborhoods. Historic districts showcase Victorian and Craftsman homes with architectural significance. Throughout the metro area, suburban developments provide family-focused amenities and newer construction. Currently, Atlanta's real estate market shows notable price reductions. February 2025 data revealed the median home price in Atlanta GA decreased 8.9% year-over-year. This decline has adjusted the median price to $387,250 across Atlanta. On the market, properties typically remain for 83 days, up by 55 days last year. These longer selling times show buyers now have more power in the market.
Atlanta's economy is strong with jobs in various industries such as technology, film, logistics, and corporate headquarters. These employment sectors typically support housing demand across price points. Despite these advantages, home sales in Atlanta have experienced a substantial decline. February 2025 saw 490 homes sold throughout Atlanta, a 12.0% decrease from last year. Nevertheless, Atlanta attracts varied buyers and families seeking strong school districts.
Atlanta's economy is strong with jobs in various industries such as technology, film, logistics, and corporate headquarters. These employment sectors typically support housing demand across price points. Despite these advantages, home sales in Atlanta have experienced a substantial decline. February 2025 saw 490 homes sold throughout Atlanta, a 12.0% decrease from last year. Nevertheless, Atlanta attracts varied buyers and families seeking strong school districts.
Median Sale Price
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Atlanta Housing Supply
Atlanta presents evolving opportunities for real estate investors across its diverse neighborhoods. Currently, the number of homes for sale in Atlanta has increased to 2,960 properties citywide. This inventory growth represents a significant 12.9% year-over-year expansion. However, newly listed homes in Atlanta decreased by 6.2% year-over-year. This reduction brought 976 new Atlanta houses into the market. Consequently, Atlanta's housing supply now stands at 6.1 months up by 1.4 months from last year, indicating a balanced market.
Throughout the year, Atlanta's housing supply experiences predictable seasonal variations. Typically, spring brings increased listing activity across most neighborhoods. Following this trend, summer sees family relocations before the school years begin. Buckhead offers luxury, Decatur provides family-focused living, and Midtown caters to urbanites. Infrastructure developments like the Beltline, MARTA expansions, and corporate relocations fuel the city's market growth.
Throughout the year, Atlanta's housing supply experiences predictable seasonal variations. Typically, spring brings increased listing activity across most neighborhoods. Following this trend, summer sees family relocations before the school years begin. Buckhead offers luxury, Decatur provides family-focused living, and Midtown caters to urbanites. Infrastructure developments like the Beltline, MARTA expansions, and corporate relocations fuel the city's market growth.
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Atlanta
Atlanta Housing Demand
Recent data shows Atlanta's real estate market shifting toward buyer-favorable conditions. In February, 15.6% of Atlanta houses sold above their list price, a 2.5-point decrease from the last year. Simultaneously, price reductions increased to 25.5% of all Atlanta listings up from 23.7% in February last year. Moreover, the sale-to-list price ratio decreased to 97.3% from 0.5% YoY. Atlanta homeowners now typically receive about 2.7% below their asking prices.
The growing percentage of listings with price reductions demands attention. Sellers should price their homes competitively to attract buyers and avoid delays. From the buyer's perspective, the increased inventory provides more options and less competition. Additionally, buyers can negotiate more effectively, considering that houses in Atlanta Georgia spend more than 83 days on the market.
The growing percentage of listings with price reductions demands attention. Sellers should price their homes competitively to attract buyers and avoid delays. From the buyer's perspective, the increased inventory provides more options and less competition. Additionally, buyers can negotiate more effectively, considering that houses in Atlanta Georgia spend more than 83 days on the market.
Homes Sold Above List Price
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Strong
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Balanced
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Buyer’s Market
Seller’s Market
Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.
Atlanta Market: When to Buy or Sell?
Atlanta's housing market follows patterns distinct from many other southeastern cities. Rather than just seasonal factors, economic growth drives local market conditions. Similar to the Georgia housing market, the Atlanta housing market can favor both buyers and sellers as per seasonal trends. When competition is low with increased inventory, buyers have more negotiation opportunities. Contrarily, sellers can benefit from higher prices and quicker sales when demand outpaces supply.
Moreover, if the months of Atlanta's housing supply rise above the balanced conditions of the US real estate market (5 to 6 months), it may give buyers more time to consider their options. Understanding these market forces can help you time your purchase or sale strategically.
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Frequently Asked Questions
How have Atlanta house prices changed over the past year?
Atlanta home prices have decreased significantly over the past year. The median home value dropped to $387,250 as of February 2025. This represents an 8.9% decrease from the previous year. Consider using our free home value estimator to assess your property's current value and compare it with nearby sales.
What are the Atlanta real estate market predictions for 2025?
The Atlanta housing market will likely stabilize later in 2025. With 6.1 months of supply and homes spending 84 days, we've entered the buyers' market. Economic opportunities and the city's continuous development support the real estate market in Atlanta. Economic opportunities remain high with ongoing corporate relocations and development.
What's the average home price in Atlanta?
Atlanta home prices vary widely across different neighborhoods and property types. The median home price currently stands at $387,250 citywide. Condos in emerging neighborhoods average around $330,000. Luxury properties in Buckhead or Ansley Park can exceed $1 million. Check homes for sale in Atlanta for current options across various price points.
Is this a good time to buy a home in Atlanta, GA?
Current market conditions strongly favor buyers in Atlanta. Atlanta Georgia houses for sale have increased 12.9% year-over-year, creating more choices citywide. The 6.1 months of supply indicates a buyer's market. Declining prices provide opportunities with less pressure than in previous years. You can check current housing market trends in Atlanta to time your investment wisely.
How is the Atlanta Georgia housing market right now?
Atlanta's housing market shows clear signs of price correction. Prices have declined 8.9% year-over-year to a $387,250 median value. With 6.1 months of supply, buyers now hold negotiating advantages. The 15.6% of homes selling above the asking price indicates opportunity. Increasing inventory provides more options for prospective buyers throughout Atlanta.
When will the Atlanta housing market recover?
The Atlanta real estate market is experiencing a price correction, with prices down 8.9% and a 6.1-month supply, indicating a move towards a more balanced market. The timing of a full recovery will depend largely on economic conditions and improved affordability. However, the strong job market and continued population growth can mitigate any severe long-term price drops for houses in Atlanta GA.
How to buy a home in Atlanta GA?
The steps to purchasing a house in Atlanta must start with a clear budget and mortgage pre-approval. Buyers should then search for homes for sale in Atlanta, submit offers, secure loans, and complete the closing process.
How can I list my home for sale in Atlanta?
You can list your home for sale with a Flat Fee MLS Georgia listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀
What is the average mortgage rate for buyers in Atlanta?
Atlanta mortgage rates currently range between 5.9% and 6.68%. It depends on the buyer's credit score and loan type. Always compare rates from multiple lenders before committing to terms.
What is the cost of living in Atlanta, Georgia?
The cost of living in Atlanta remains reasonable compared to many major cities. Overall costs are about 2% lower than the national average. Housing costs are approximately 2% lower than the national average at $387,250 median. Georgia's modest state income tax keeps overall tax burdens manageable.
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