REAL-TIME MARKET NUMBERS
Atlanta, GA 30338
Single-Family Homes
Powered by Altos Research https://AltosResearch.com/
Atlanta, GA 30338
Thu Apr 25 2024
This week the median list price for Atlanta, GA 30338 is $942,500 with the market action index hovering around 56. This is less than last month's market action index of 61. Inventory has increased to 22.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $942,500 | |
| Median Price of New Listings | $1,057,500 | |
| Per Square Foot | $303 | |
| Average Days on Market | 172 | |
| Median Days on Market | 32 | |
| Price Decreased | 23% | |
| Price Increased | 0% | |
| Relisted | 23% | |
| Inventory | 22 | |
| Median Rent | ||
| Market Action | 56 | |
| Strong Seller's Market | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,850,000 | 4,465 | 0.25 - 0.5 acre | 5 | 5 | 4 | 1 | 0 | 42 |
| $1,300,000 | 4,285 | 0.25 - 0.5 acre | 4 | 4.5 | 23 | 1 | 1 | 7 |
| $751,000 | 2,893 | 0.25 - 0.5 acre | 4 | 3.8 | 49 | 1 | 3 | 17 |
| $612,450 | 2,357 | 0.5 - 1 acre | 3 | 2.5 | 52 | 1 | 0 | 87 |