MARKET SNAPSHOT 2 0 2 1
Q 4
AT L A N T A ,
G E O R G I A
Source: 1/1/2021 – 12/31/2021 provided by FMLS
1
A Word From Us ENGEL & VÖLKERS
By analyzing previous periods and the factors surrounding them, we can paint a fairly clear picture of the near future. First, looking back to 2020, the period was dominated by the COVID-19 pandemic. The beginning of the year saw the traditional “early Spring” market arriving right as the pandemic began to come into view. Shortly after quarantine began, demand for single family and townhomes increased substantially. Because of their communal spaces and lifestyles that depend on nearby amenities (parks, restaurants, shops, etc.), condo sales receded and inventory levels increased by nearly 40%. This trend continued until 4Q2020, when demand increased and inventory levels were diminished by 20%. As the pandemic receded, so too did its effect on the condo market; resulting in a return to pre-pandemic supply and demand levels by the end of 2020. Demand for single family and townhome product continued to increase exponentially. Rapid absorption of new home inventory drove supply levels to historic lows. Broken supply chains, delayed production of materials, and skyrocketing costs to construct slowed production and completion of new homes, exacerbating the low supply levels.
ATL
has recovered quickly throughout 2021unemployment has dropped below pre-
pandemic levels, businesses are growing, travel is back, and the future of metro-Atlanta is looking brighter than ever. This incredible growth hasn’t come without its challenges. Demand for homes of all types across the metro area has surged to levels that far exceed supply. This, along with
Vaccinations began in 1Q2021, causing COVID cases
other factors, has driven up home prices by 20% within the
to drop significantly. The economy began to see an
past year alone. Residential building permit applications
accelerated recovery, boosted by pandemic savings
are at historic lows, far from meeting demand, and prices
and government stimulus. Pent up demand coupled with
for land, materials, and labor continue to increase. Despite
additional savings lead to aggressive spending for homes,
these challenges, Atlanta, compared to other major metro
home improvement, automobiles, and travel. The metro
areas, remains relatively affordable, making it a highly
Atlanta real estate market started the year with 1.6 months
sought-after place to live. So, where are we now and what
of inventory, substantially lower than previous years, which
does the future hold in store for the housing market?
ranged from 4-6 months of inventory. By mid-year, months
Source: 1/1/2021 – 12/31/2021 provided by FMLS
2
Demand for homes of all types across the metro area has surged to levels that far exceed supply.
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
of inventory plummeted to an all-time low of 0.8 months, an
housing. In short, there are simply no factors that indicate
average days on market of 17, and an average sale price
that the Atlanta market is at risk for a bubble. If demand is
of $478,000. This, coupled with increased building costs,
only increasing, what about future supply? The below graph
resulted in a 19% average sale price increase from January
illustrates the number of permits obtained in the metro
2021 to December 2021. These drastic numbers have
Atlanta area over the past 24 years. The pre-recession
fueled a belief that there is a bubble in the metro Atlanta
period is widely acknowledged as a time in which supply
housing market. For buyers and sellers, the answer is a
met demand. As the graph shows, building permits obtained
reassuring- no.
in 2021 are just now nearing the level obtained 24 years
These drastic numbers have fueled a belief that there is a bubble in the metro Atlanta housing market.
prior, in 1997. Since 1997, metro-Atlanta has added almost one million new residents, a 20% increase in population. Supply chain issues, rising materials costs, and decreasing land availability and affordability are all factors that will affect the market’s ability to produce enough homes to meet market demand. Would-be homeowners are forced to turn to existing inventory which continues to lead to aggressive
Home prices, like most of the economy, are driven by supply
price increases. Simply put- there are not enough homes of
and demand. Supply, as previously mentioned, has never
any type in metro Atlanta to meet demand, and there are no
been lower, and demand has never been higher. The influx
factors in play that support the possibility of a bubble.
of new residents (over 100,000 in the past year alone),
Atlanta Permit Trend 1997 - 6/2021
paired with high impact companies relocating or adding
Souce: Engel & Völkers Atlanta, HUD, and Federal Reserve Economic Data, 1997-2021.
offices in Atlanta continues to feed the rising demand
7000
for homes in the metro area. Large companies such as
6000
Microsoft, Facebook, and Google are relocating or adding
5000
tens of thousands of new jobs to the city center. Tech
4000
companies and the burgeoning movie industry continue to
3000
add jobs, creating demand for other small businesses and
2000
1000
20 21
20 20
20 19
20 18
20 17
20 16
20 15
20 14
20 13
20 12
20 11
20 10
20 09
20 08
20 07
20 06
20 05
20 04
20 03
20 02
20 01
20 00
19 99
19 98
19 97
0
Permi ts/ Month
… there are simply no factors that indicate that the Atlanta market is at risk for a bubble. We hope the information within the following pages will provide clarity and confidence in this time of growth and change. We appreciate you looking through this report and hope you harness and spread the word on the insight provided within. Source: 1/1/2021 – 12/31/2021 provided by FMLS
3
Single Family Homes Inside the Perimeter
5
Outside the Perimeter
21
Condominiums
Inside the Perimeter
32
Outside the Perimeter
37
Townhomes
Inside the Perimeter
40
Outside the Perimeter
46
Source: 1/1/2021 – 12/31/2021 provided by FMLS
4
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
S I N G L E FA M I LY H O M E S
INSIDE THE PERIMETER
Source: 1/1/2021 – 12/31/2021 provided by FMLS
5
Single Family Homes
Inside the Perimeter
ANSLEY PARK / SHERWOOD FOREST HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.8
$1,740,000
21
$
22
9.6
BROOKHAVEN
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
364 Source: 1/1/2021 – 12/31/2021 provided by FMLS
6
1.9
$728,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
11
BROOKWOOD HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
3.1
$1,484,000
7
$
37
9.6
BUCKHEAD
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
649
2.1
$1,090,000 $
12
Source: 1/1/2021 – 12/31/2021 provided by FMLS
7
Single Family Homes
Inside the Perimeter
CABBAGETOWN
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.2
$616,500
8
$
7
9.6
CHAMBLEE
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
115 Source: 1/1/2021 – 12/31/2021 provided by FMLS
8
1.2
$435,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
11
CHASTAIN PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.9
$1,564,425
43
$
COLLEGE PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
12
9.6
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
24
3.2
$391,250 $
15
Source: 1/1/2021 – 12/31/2021 provided by FMLS
9
Single Family Homes
Inside the Perimeter
COLLIER HILLS/ ARDMORE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.1
$797,500
19
$
8
9.6
DECATUR
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
150 Source: 1/1/2021 – 12/31/2021 provided by FMLS
10
1.1
$660,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
10
DRUID HILLS / EMORY HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.8
$850,000
76
$
EAST ATLANTA HOMES SOLD
MEDIAN CLOSED SALES PRICE
7
9.6
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
76
1.2
$454,375 $
10
Source: 1/1/2021 – 12/31/2021 provided by FMLS
11
Single Family Homes
Inside the Perimeter
EAST LAKE
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.7
$578,000
41
$
12
9.6
EAST POINT
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
171 Source: 1/1/2021 – 12/31/2021 provided by FMLS
12
1.6
$246,750
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
10
EDGEWOOD
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.5
$552,500
44
$
7
9.6
GARDEN HILLS
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
27
0.9
$995,000 $
26
Source: 1/1/2021 – 12/31/2021 provided by FMLS
13
Single Family Homes
Inside the Perimeter
GRANT PARK / GLENWOOD PARK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.5
$569,500
78
$
6
9.6
HAPEVILLE / THOMASVILLE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
32 Source: 1/1/2021 – 12/31/2021 provided by FMLS
14
1.9
$284,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
7
INMAN PARK
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.5
$755,000
17
$
4
9.6
KIRKWOOD
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
83
1.5
$592,600 $
5
Source: 1/1/2021 – 12/31/2021 provided by FMLS
15
Single Family Homes
Inside the Perimeter
LAKE CLAIRE / LITTLE FIVE POINTS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.4
$770,000
41
$
6
9.6
OAKHURST
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
25 Source: 1/1/2021 – 12/31/2021 provided by FMLS
16
0.8
$735,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
7
OLD FOURTH WARD
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.7
$690,000
31
11
$
9.6
ORMEWOOD PARK
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
61
1.0
$551,500 $
5
Source: 1/1/2021 – 12/31/2021 provided by FMLS
17
Single Family Homes
Inside the Perimeter
PEACHTREE HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.0
$765,000
48
$
8
9.6
REYNOLDSTOWN
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
16 Source: 1/1/2021 – 12/31/2021 provided by FMLS
18
1.4
$556,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
10
VININGS
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.3
$830,000
42
$
17
9.6
VIRGINIA HIGHLANDS / MORNINGSIDE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
162
1.5
$971,250 $
9
Source: 1/1/2021 – 12/31/2021 provided by FMLS
19
Single Family Homes
Inside the Perimeter
WEST END / CAPITOL VIEW HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.2
$337,000
308
13
$
9.6
WEST MIDTOWN / UNDERWOOD HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
266 Source: 1/1/2021 – 12/31/2021 provided by FMLS
20
1.4
$495,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
8
S I N G L E FA M I LY H O M E S
OUTSIDE THE PERIMETER
Source: 1/1/2021 – 12/31/2021 provided by FMLS
21
Single Family Homes
Outside the Perimeter
ACWORTH
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.2
$367,250
966
$
6
9.6
ALPHARETTA
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
982 Source: 1/1/2021 – 12/31/2021 provided by FMLS
22
0.9
$582,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
6
CHATTAHOOCHEE HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.0
$789,363
26
$
53
9.6
CUMMING
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1737
0.9
$480,000 $
6
Source: 1/1/2021 – 12/31/2021 provided by FMLS
23
Single Family Homes
Outside the Perimeter
DULUTH
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.2
$415,000
515
$
7
9.6
DUNWOODY
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
202 Source: 1/1/2021 – 12/31/2021 provided by FMLS
24
0.9
$592,450
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
11
EAST COBB
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.8
N/A
0
$
N/A
9.6
JOHNS CREEK
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
294
0.8
$629,500 $
6
Source: 1/1/2021 – 12/31/2021 provided by FMLS
25
Single Family Homes
Outside the Perimeter
KENNESAW
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.0
$365,875
707
$
5
9.6
MABLETON
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
278 Source: 1/1/2021 – 12/31/2021 provided by FMLS
26
1.3
$350,050
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
6
MARIETTA
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.1
$410,000
2329
$
7
9.6
MILTON
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
216
1.5
$950,500 $
8
Source: 1/1/2021 – 12/31/2021 provided by FMLS
27
Single Family Homes
Outside the Perimeter
NORCROSS
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.4
$305,000
169
$
7
9.6
PEACHTREE CITY
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
68 Source: 1/1/2021 – 12/31/2021 provided by FMLS
28
2.6
$483,225
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
15
PEACHTREE CORNERS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.9
$502,550
170
$
7
9.6
ROSWELL
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
780
1.0
$540,000 $
6
Source: 1/1/2021 – 12/31/2021 provided by FMLS
29
Single Family Homes
Outside the Perimeter
SANDY SPRINGS
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.7
$770,000
317
$
12
9.6
SMYRNA
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
582 Source: 1/1/2021 – 12/31/2021 provided by FMLS
30
1.1
$465,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
8
SUWANNEE
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.9
$515,000
641
$
6
9.6
WOODSTOCK
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
952
1.0
$385,000 $
6
Source: 1/1/2021 – 12/31/2021 provided by FMLS
31
CONDOMINIUMS
INSIDE THE PERIMETER
Source: 1/1/2021 – 12/31/2021 provided by FMLS
32
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
Condominiums
Inside the Perimeter
BROOKHAVEN / CHAMBLEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.2
$250,000
141
$
11
9.6
BUCKHEAD
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
689
2.6
$265,000 $
23
Source: 1/1/2021 – 12/31/2021 provided by FMLS
33
Condominiums
Inside the Perimeter
DECATUR / EMORY / DRUID HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.3
$246,000
100
$
12
9.6
DOWNTOWN
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
159 Source: 1/1/2021 – 12/31/2021 provided by FMLS
34
2.9
$252,500
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
25
INMAN PARK
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.0
$344,900
27
$
10
9.6
MIDTOWN
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
468
1.8
$326,250 $
18
Source: 1/1/2021 – 12/31/2021 provided by FMLS
35
Condominiums
Inside the Perimeter
OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.8
$290,000
126
$
13
9.6
WEST MIDTOWN
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
168 Source: 1/1/2021 – 12/31/2021 provided by FMLS
36
2.0
$268,900
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
16
CONDOMINIUMS
OUTSIDE THE PERIMETER
Source: 1/1/2021 – 12/31/2021 provided by FMLS
37
Condominiums
Outside the Perimeter
MARIETTA / SMYNRA / VININGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.8
$230,000
265
$
6
9.6
ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
127 Source: 1/1/2021 – 12/31/2021 provided by FMLS
38
0.8
$275,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
7
SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.9
$201,500
294
$
6
9.6
CUMMING
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
36
0.5
$354,950 $
6
Source: 1/1/2021 – 12/31/2021 provided by FMLS
39
TOWNHOMES
INSIDE THE PERIMETER
Source: 1/1/2021 – 12/31/2021 provided by FMLS
40
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
Townhomes
Inside the Perimeter
BROOKHAVEN / CHAMBLEE HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.1
$550,000
171
$
20
9.6
BUCKHEAD
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
250
1.4
$501,000 $
13
Source: 1/1/2021 – 12/31/2021 provided by FMLS
41
Townhomes
Inside the Perimeter
DECATUR / EMORY / DRUID HILLS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.4
$478,000
76
$
17
9.6
DOWNTOWN
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
15 Source: 1/1/2021 – 12/31/2021 provided by FMLS
42
0.6
$541,706
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
13
EAST ATLANTA
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.8
$472,015
21
$
8
9.6
INMAN PARK
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
19
1.4
$565,000 $
18
Source: 1/1/2021 – 12/31/2021 provided by FMLS
43
Townhomes
Inside the Perimeter
MIDTOWN
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
2.2
$467,500
22
15
$
9.6
OLD FOURTH WARD / PONCEY HIGHLANDS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
203 Source: 1/1/2021 – 12/31/2021 provided by FMLS
44
1.3
$380,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
9
WEST MIDTOWN HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
203
1.3
$380,000 $
9
9.6
Source: 1/1/2021 – 12/31/2021 provided by FMLS
45
TOWNHOMES
OUTSIDE THE PERIMETER
Source: 1/1/2021 – 12/31/2021 provided by FMLS
46
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
Townhomes
Outside the Perimeter
MARIETTA / SMYNRA / VININGS HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
0.9
$345,000
513
$
7
9.6
ROSWELL / ALPHARETTA / JOHNS CREEK HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
442
0.7
$441,500 $
7
Source: 1/1/2021 – 12/31/2021 provided by FMLS
47
Townhomes
Outside the Perimeter
SANDY SPRINGS / DUNWOODY / PERIMETER HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
1.0
$376,000
339
$
9
9.6
CUMMING
HOMES SOLD
MEDIAN CLOSED SALES PRICE
MONTHS OF INVENTORY
AVG DAYS ON MARKET
$
114 Source: 1/1/2021 – 12/31/2021 provided by FMLS
48
0.7
$330,000
AT L A N TA M A R K E T I N T E L L I G E N C E | 4 Q 2 1
$
5
www.evatlanta.com 1745 Peachtree Street, Atlanta, GA 30309, USA | 404.845.7724
Source: 1/1/2021 – 12/31/2021 provided by FMLS © 2022 Engel & Völkers. All rights reserved. Each brokerage is independently owned and operated. All information is deemed reliable but is not guaranteed and should be independently verified. If your property is currently represented by a real estate broker, this is not an attempt to solicit your listing. Engel & Völkers and its independent License Partners are Equal Opportunity Employers and fully support the principles of the Fair Housing Act.
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