Sally English's Market Report
Atlanta, GA 30329
Single-Family Homes
The English Team | Realty Associates of Atlanta | sallyenglish@englishteam.com
Atlanta, GA 30329
Thu Nov 21 2024
This week the median list price for Atlanta, GA 30329 is $770,000 with the market action index hovering around 30. This is less than last month's market action index of 36. Inventory has held steady at or around 20.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.
Real-Time Market Profile
| Median List Price | $770,000 | |
| Median Price of New Listings | $627,500 | |
| Per Square Foot | $283 | |
| Average Days on Market | 105 | |
| Median Days on Market | 84 | |
| Price Decreased | 50% | |
| Price Increased | 0% | |
| Relisted | 25% | |
| Inventory | 20 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,198,000 | 4,082 | 0.25 - 0.5 acre | 5 | 5 | 17 | 0 | 1 | 77 |
| $800,000 | 2,728 | 0.25 - 0.5 acre | 5 | 3.5 | 65 | 1 | 1 | 105 |
| $682,500 | 3,079 | 0.25 - 0.5 acre | 4 | 3 | 66 | 0 | 0 | 91 |
| $550,000 | 2,668 | 0.25 - 0.5 acre | 3 | 2 | 68 | 1 | 0 | 56 |