2023 Q4 ATLANTA,GEORGIA MARKET SNAPSHOT INTOWN ADVISORS | ENGEL & VÖLKERS ATLANTA M +1 404. 861.8734 | O +1 404.845.7724 jeremysmithatl5@gmail.com intownadvisors.evatlanta.com
Market Snapshot
2023
Q4 ATLANTA,GEORGIA
Single-Family Homes Condominiums Townhomes Inside the Perimeter 8 - 27 Outside the Perimeter 28 - 45 Inside the Perimeter 46 - 55 Outside the Perimeter 56 - 61 Inside the Perimeter 62 - 71 Outside the Perimeter 72 - 83 Market Overview 4 - 7
Market Overview
Q4 2023 proved to be an extension of not only Q3 2023, but the year as a whole. Mortgage interest rates continued their climb, peaking at a high of almost 8% in November. By the end of the year, they moderated to 7%. New listings, pending sales and closed sales all trailed to a low point that paralleled Q4 2022. On average for Q4 2023 vs Q3 2023, new listings, pending sales and closed sales decreased by 18% - 23%. The year closed as it began; the shortage of new listings and the mortgage interest rate stalemate continued to suppress the market.
There were 11,739 closed sales in Q4 which is 18.75% less than the 14,445 in Q3 2023. The average price remained stable, decreasing by only 0.93% from $508,532 to $503,820. Inventory levels crept up to 2.5 months over 2 months in the previous quarter and, the average days on market increased by 5 days from 27 to 32.
The big question many people have is why do we continue to have low inventory levels that are suppressing the market? Simply put, homeowners have unprecedentedly low mortgage interest rates and cannot or will not make a move to a new home until interest rates moderate to a level that meets their requirements. Additionally, many are making decisions to rent homes they are moving from because their rate is low enough
that it is financially lucrative In June 2023, it was reported that more than 9 of every 10 homeowners have an interest rate below 6%. Almost 4 in 5 have an interest rate below 5% and nearly one quarter have a rate below 3%.
When interest rates began to rise in 2022, most homeowners believed that mortgage interest rates would moderate quickly, providing them the opportunity to purchase in the near future. The opposite
2.5
11,736
Q4 2023 Atlanta Market Snapshot 4 evatlanta.com
Fulton, Gwinnett, Henry, and Rockdale Counties) All
points, Rolling 3-months as of December 2023, RedFin News, June 14, 2023
Source: FMLS InfoSparks, Greater Atlanta Area (Cherokee, Clayton, Cobb, DeKalb, Douglas, Fayette, Forsyth,
home types, All price
Average
On
Average Sale Price
Months of Inventory 32
Days
Market $503,872
Q4 2024 at a Glance
Homes Sold
happened. Mortgage interest rates continued to climb through 2022 and 2023 to the peak of 8% in Q4 2023. In December of 2023, the Federal Reserve Board (FRB) signaled that interest rates cuts would start happening in Q2 2024 but, strong jobs reports and consumer spending has led to the FRB retracting from their optimism about rate cuts. Because of this, many homebuyers continue to sit on the sidelines waiting for rate changes.
What does this all mean for a homebuyer in Atlanta? Now could not be a better time to
buy. With inventory levels still at historic lows, many homebuyers understand that now is the time to buy as they understand that when mortgage interest rates do moderate, there will be a flood of homebuyers in the market. These savvy buyers are beginning to move on with their lives and are making decisions to take advantage of incentives offered by sellers that include mortgage interest rate buy down options. That said, with so few options, many homebuyers are still encountering multiple offer situations when a new home comes to market.
The rest of this report provides a snapshot of key metrics by home type (single-family homes, townhomes and, condominiums) and submarket, including neighborhoods Inside the Perimeter (ITP) and Outside the Perimeter (OTP).
To learn more about homes selling in your neighborhood or your dream location, reach out to your Engel & Völkers Advisor for more detailed information about trends in your area.
Christa Huffstickler Founder & CEO Engel & Volkers Atlanta
Q4 2023 Atlanta Market Snapshot 5 evatlanta.com
Metro Atlanta City of Atlanta ITP Closed Sales 11,736 q -18.75% 2,056 q -17.63% 2,303 q -18.97% Pending Sales 10,448 q -23.3% 1,799 q -24.57% 2,012 q -25.76% Active Listings 11,185 p +5.75% 2,743 p +7.61% 3,037 p +7.13% New Listings 15,852 q -21.76% 3,318 q -21.86% 3,709 q -22.71% Median Sale Price $410,000 q -2.38% $420,000 p +1.2% $447,500 p +2.05% Average Sale Price $503,820 q -0.93% $581,378 p +3.36% $612,781 p +4.03% Average Price Per Square Foot $212 q -0.93% $279 q -1.76% $288 q -1.71% Average Sale Price to Original List Price Ratio 97% q -1.22% 96.1% q -1.13% 96.1% q -1.33% Months of Inventory 2.5 p +8.7% 3.5 p +9.37% 3.4 p +9.68% Average Days on Market 32 p +18.52% 36 p +16.13% 34 p +13.33%
Source: FMLS InfoSparks, Greater Atlanta Area/City of Atlanta/ITP, All home types, All price points, Rolling 3-months as of December 2023 (Q4 2023 over Q4 2022)
q Down Quarter-Over-Quarter (QOQ) p Up Quarter-Over-Quarter (QOQ)
Metro Atlanta Market Summary (Q4 2023)
Metro Atlanta New Listings Impact on Average Sale Price and Closed and Pending Sales
Metro Atlanta Supply Dynamics Summary (January 2022 - December 2023)
Q4 2023 Atlanta Market Snapshot 6 evatlanta.com
Source: FMLS InfoSparks, Greater Atlanta Area, All Home Types, January 2022 - December 2023
Source: FMLS InfoSparks, Greater Atlanta Area, All Home Types - January 2022 - December 2023
Q4 2023 Atlanta Market Snapshot 7 evatlanta.com
Metro Atlanta Pending and Closed Sales vs. Interest Rates (January 2022 - December 2023)
Source: FMLS InfoSparks, Greater Atlanta Area, All Home Types, January 2022 - December 2023
Source: FMLS InfoSparks, Greater Atlanta Area, All Home Types, January 2022 - December 2023
Metro Atlanta Home Inventory (January 2022 - December 2023)
Single-Family Homes
INSIDE THE PERIMETER
Q4 2023 Atlanta Market Snapshot 9 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Ansley Park / Sherwood Forest SINGLE-FAMILY HOMES Avondale Estates SINGLE-FAMILY HOMES $1,570,000 Median Closed Sales Price Homes Sold 11 Months of Inventory 5.3 Average Days On Market 25 $1,862,273 Average Closed Sales Price $720,000 Median Closed Sales Price Homes Sold 16 Months of Inventory 1.1 Average Days On Market 13 $742,531 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 10 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)
SINGLE-FAMILY HOMES Brookwood Hills SINGLE-FAMILY HOMES $850,000 Median Closed Sales Price Homes Sold 99 Months of Inventory 2.5 Average Days On Market 22 $974,421 Average Closed Sales Price $1,180,000 Median Closed Sales Price Homes Sold 1 Months of Inventory 3.5 Average Days On Market 5 $1,180,000 Average Closed Sales Price
Brookhaven
Q4 2023 Atlanta Market Snapshot 11 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Buckhead SINGLE-FAMILY HOMES Cabbagetown SINGLE-FAMILY HOMES $1,300,000 Median Closed Sales Price Homes Sold 175 Months of Inventory 4.2 Average Days On Market 29 $1,680,606 Average Closed Sales Price $720,500 Median Closed Sales Price Home Sold 4 Months of Inventory 0.7 Average Days On Market 33 $767,250 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 12 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)
SINGLE-FAMILY HOMES
SINGLE-FAMILY HOMES $275,000 Median Closed Sales Price Homes Sold 60 Months of Inventory 4.7 Average Days On Market 55 $312,873 Average Closed Sales Price $285,500 Median Closed Sales Price Homes Sold 30 Months of Inventory 3.6 Average Days On Market 43 $306,074 Average Closed Sales Price
Source:
Cascade East
Cascade West
Q4 2023 Atlanta Market Snapshot 13 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)
SINGLE-FAMILY HOMES Chastain Park SINGLE-FAMILY HOMES $487,600 Median Closed Sales Price Homes Sold 25 Months of Inventory 1.4 Average Days On Market 14 $489,200 Average Closed Sales Price $2,250,000 Median Closed Sales Price Homes Sold 20 Months of Inventory 4.3 Average Days On Market 45 $2,736,332 Average Closed Sales Price
Source:
Chamblee
Q4 2023 Atlanta Market Snapshot 14 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) College Park SINGLE-FAMILY HOMES Collier Hills/ Ardmore Park SINGLE-FAMILY HOMES $441,500 Median Closed Sales Price Homes Sold 6 Months of Inventory 4.0 Average Days On Market 72 $508,798 Average Closed Sales Price $955,750 Median Closed Sales Price Home Sold 10 Months of Inventory 1.3 Average Days On Market 10 $920,750 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 15 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Decatur SINGLE-FAMILY HOMES Druid Hills/ Emory SINGLE-FAMILY HOMES $725,000 Median Closed Sales Price Homes Sold 31 Months of Inventory 1.5 Average Days On Market 28 $845,623 Average Closed Sales Price $1,040,000 Median Closed Sales Price Homes Sold 24 Months of Inventory 2.4 Average Days On Market 21 $1,096,828 Average Closed Sales Price
East Atlanta
East Lake
Q4 2023 Atlanta Market Snapshot 16 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)
Source:
SINGLE-FAMILY HOMES
SINGLE-FAMILY HOMES $557,000 Median Closed Sales Price Homes Sold 25 Months of Inventory 2.1 Average Days On Market 33 $561,870 Average Closed Sales Price $599,000 Median Closed Sales Price Homes Sold 13 Months of Inventory 3.2 Average Days On Market 44 $723,340 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 17 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)
SINGLE-FAMILY HOMES Edgewood SINGLE-FAMILY HOMES $290,000 Median Closed Sales Price Homes Sold 53 Months of Inventory 5.7 Average Days On Market 42 $309,479 Average Closed Sales Price $627,500 Median Closed Sales Price Homes Sold 9 Months of Inventory 3.5 Average Days On Market 15 $636,206 Average Closed Sales Price
Source:
East Point
Q4 2023 Atlanta Market Snapshot 18 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Garden Hills SINGLE-FAMILY HOMES Grant Park/ Glenwood Park SINGLE-FAMILY HOMES $1,550,000 Median Closed Sales Price Homes Sold 8 Months of Inventory 2.8 Average Days On Market 64 $1,404,738 Average Closed Sales Price $624,500 Median Closed Sales Price Homes Sold 22 Months of Inventory 2.4 Average Days On Market 10 $737,545 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 19 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Hapeville/ Thomasville SINGLE-FAMILY HOMES Inman Park SINGLE-FAMILY HOMES $350,000 Median Closed Sales Price Homes Sold 15 Months of Inventory 4.9 Average Days On Market 85 $356,200 Average Closed Sales Price $1,400,000 Median Closed Sales Price Homes Sold 5 Months of Inventory 0.9 Average Days On Market 65 $1,334,796 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 20 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Kirkwood SINGLE-FAMILY HOMES Lake Claire/ Little Five Points SINGLE-FAMILY HOMES $720,000 Median Closed Sales Price Homes Sold 21 Months of Inventory 2.3 Average Days On Market 15 $704,500 Average Closed Sales Price $951,650 Median Closed Sales Price Homes Sold 18 Months of Inventory 1.6 Average Days On Market 16 $1,022,622 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 21 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Oakhurst SINGLE-FAMILY HOMES Midtown SINGLE-FAMILY HOMES $897,500 Median Closed Sales Price Home Sold 3 Months of Inventory 2.6 Average Days On Market 6 $1,055,833 Average Closed Sales Price $820,000 Median Closed Sales Price Homes Sold 11 Months of Inventory 1.3 Average Days On Market 7 $904,773 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 22 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Old Fourth Ward SINGLE-FAMILY HOMES Ormewood Park SINGLE-FAMILY HOMES $792,750 Median Closed Sales Price Homes Sold 8 Months of Inventory 2.8 Average Days On Market 20 $907,563 Average Closed Sales Price $560,000 Median Closed Sales Price Homes Sold 11 Months of Inventory 2.4 Average Days On Market 27 $714,623 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 23 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Peachtree Hills SINGLE-FAMILY HOMES Peoplestown/Chosewood Park/Lakewood Heights SINGLE-FAMILY HOMES $878,125 Median Closed Sales Price Homes Sold 10 Months of Inventory 2.2 Average Days On Market 10 $1,029,125 Average Closed Sales Price $329,250 Median Closed Sales Price Homes Sold 40 Months of Inventory 5.5 Average Days On Market 28 $365,266 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 24 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Reynoldstown SINGLE-FAMILY HOMES Summerhill SINGLE-FAMILY HOMES $584,600 Median Closed Sales Price Homes Sold 2 Months of Inventory 2.1 Average Days On Market 23 $584,600 Average Closed Sales Price $625,000 Median Closed Sales Price Homes Sold 5 Months of Inventory 3.3 Average Days On Market 44 $592,300 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 25 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Vinings SINGLE-FAMILY HOMES Virginia Highlands/ Morningside SINGLE-FAMILY HOMES $659,000 Median Closed Sales Price Homes Sold 8 Months of Inventory 3.8 Average Days On Market 17 $718,783 Average Closed Sales Price $1,287,500 Median Closed Sales Price Homes Sold 30 Months of Inventory 2.1 Average Days On Market 27 $1,373,375 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 26 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) West End/Adair Park/ Capitol View SINGLE-FAMILY HOMES West Midtown/ Underwood Hills SINGLE-FAMILY HOMES $360,000 Median Closed Sales Price Homes Sold 98 Months of Inventory 5.3 Average Days On Market 34 $376,365 Average Closed Sales Price $555,000 Median Closed Sales Price Homes Sold 81 Months of Inventory 3.0 Average Days On Market 26 $556,969 Average Closed Sales Price
Single-Family Homes
OUTSIDE THE PERIMETER
Q4 2023 Atlanta Market Snapshot 29 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Acworth Alpharetta SINGLE-FAMILY HOMES SINGLE-FAMILY HOMES $430,000 Median Closed Sales Price Homes Sold 246 Months of Inventory 1.9 Average Days On Market 29 $467,075 Average Closed Sales Price $740,500 Median Closed Sales Price Homes Sold 226 Months of Inventory 1.7 Average Days On Market 27 $889,608 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 30 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)
SINGLE-FAMILY HOMES Canton SINGLE-FAMILY HOMES $532,539 Median Closed Sales Price Homes Sold 330 Months of Inventory 2.3 Average Days On Market 29 $593,970 Average Closed Sales Price $1,048,018 Median Closed Sales Price Homes Sold 8 Months of Inventory 8.5 Average Days On Market 55 $1,075,130 Average Closed Sales Price
Source:
Chattahoochee Hills
Cumming
Source:
Q4 2023 Atlanta Market Snapshot 31 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)
SINGLE-FAMILY HOMES
Clarkston
SINGLE-FAMILY HOMES $353,000 Median Closed Sales Price Homes Sold 12 Months of Inventory 2.8 Average Days On Market 26 $356,708 Average Closed Sales Price $600,000 Median Closed Sales Price Homes Sold 405 Months of Inventory 1.7 Average Days On Market 24 $652,761 Average Closed Sales Price
Douglasville
Duluth
Source:
Q4 2023 Atlanta Market Snapshot 32 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)
SINGLE-FAMILY HOMES
SINGLE-FAMILY HOMES $327,500 Median Closed Sales Price Homes Sold 248 Months of Inventory 3.2 Average Days On Market 34 $349,156 Average Closed Sales Price $522,500 Median Closed Sales Price Homes Sold 132 Months of Inventory 1.5 Average Days On Market 23 $667,688 Average Closed Sales Price
Source:
Q4 2023 Atlanta Market Snapshot 33 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)
SINGLE-FAMILY HOMES
SINGLE-FAMILY HOMES $668,725 Median Closed Sales Price Homes Sold 42 Months of Inventory 1.0 Average Days On Market 22 $726,930 Average Closed Sales Price $530,500 Median Closed Sales Price Homes Sold 376 Months of Inventory 1.6 Average Days On Market 25 $625,179 Average Closed Sales Price
Dunwoody
East Cobb
Q4 2023 Atlanta Market Snapshot 34 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Fayetteville SINGLE-FAMILY HOMES Fairburn SINGLE-FAMILY HOMES $354,990 Median Closed Sales Price Homes Sold 94 Months of Inventory 2.5 Average Days On Market 39 $362,912 Average Closed Sales Price $409,250 Median Closed Sales Price Homes Sold 72 Months of Inventory 4.4 Average Days On Market 39 $503,016 Average Closed Sales Price
Source:
Q4 2023 Atlanta Market Snapshot 35 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Kennesaw SINGLE-FAMILY HOMES Johns Creek SINGLE-FAMILY HOMES $762,500 Median Closed Sales Price Homes Sold 74 Months of Inventory 0.9 Average Days On Market 18 $873,070 Average Closed Sales Price $425,000 Median Closed Sales Price Homes Sold 179 Months of Inventory 1.3 Average Days On Market 31 $477,703 Average Closed Sales Price
Source:
Q4 2023 Atlanta Market Snapshot 36 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Mableton SINGLE-FAMILY HOMES Lawrenceville SINGLE-FAMILY HOMES $387,750 Median Closed Sales Price Homes Sold 404 Months of Inventory 1.9 Average Days On Market 32 $419,229 Average Closed Sales Price $413,000 Median Closed Sales Price Homes Sold 80 Months of Inventory 2.1 Average Days On Market 24 $447,416 Average Closed Sales Price
Source:
Source:
Q4 2023 Atlanta Market Snapshot 37 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Marietta SINGLE-FAMILY HOMES McDonough SINGLE-FAMILY HOMES $485,000 Median Closed Sales Price Homes Sold 594 Months of Inventory 1.7 Average Days On Market 27 $559,374 Average Closed Sales Price $385,000 Median Closed Sales Price Homes Sold 167 Months of Inventory 3.6 Average Days On Market 43 $418,840 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 38 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Milton SINGLE-FAMILY HOMES Norcross SINGLE-FAMILY HOMES $1,337,500 Median Closed Sales Price Homes Sold 44 Months of Inventory 3.9 Average Days On Market 35 $1,523,477 Average Closed Sales Price $359,900 Median Closed Sales Price Homes Sold 49 Months of Inventory 1.4 Average Days On Market 21 $398,377 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 39 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Peachtree City SINGLE-FAMILY HOMES Peachtree Corners SINGLE-FAMILY HOMES $512,500 Median Closed Sales Price Homes Sold 14 Months of Inventory 2.4 Average Days On Market 25 $566,428 Average Closed Sales Price $674,950 Median Closed Sales Price Homes Sold 48 Months of Inventory 1.4 Average Days On Market 24 $678,654 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 40 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Roswell SINGLE-FAMILY HOMES Sandy Springs SINGLE-FAMILY HOMES $700,000 Median Closed Sales Price Homes Sold 186 Months of Inventory 1.4 Average Days On Market 22 $784,661 Average Closed Sales Price $905,000 Median Closed Sales Price Homes Sold 98 Months of Inventory 2.7 Average Days On Market 30 $1,209,353 Average Closed Sales Price
Source:
Q4 2023 Atlanta Market Snapshot 41 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)
SINGLE-FAMILY HOMES Snellville SINGLE-FAMILY HOMES $482,500 Median Closed Sales Price Homes Sold 130 Months of Inventory 1.5 Average Days On Market 26 $584,318 Average Closed Sales Price $355,000 Median Closed Sales Price Homes Sold 199 Months of Inventory 2.0 Average Days On Market 28 $390,455 Average Closed Sales Price
Source:
Smyrna
Q4 2023 Atlanta Market Snapshot 42 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) South Fulton SINGLE-FAMILY HOMES Sugar Hill SINGLE-FAMILY HOMES $270,000 Median Closed Sales Price Homes Sold 19 Months of Inventory 5.1 Average Days On Market 22 $322,583 Average Closed Sales Price $425,000 Median Closed Sales Price Homes Sold 68 Months of Inventory 1.9 Average Days On Market 28 $458,585 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 43 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)
SINGLE-FAMILY HOMES Tucker SINGLE-FAMILY HOMES $639,900 Median Closed Sales Price Homes Sold 169 Months of Inventory 1.3 Average Days On Market 26 $724,359 Average Closed Sales Price $447,000 Median Closed Sales Price Homes Sold 88 Months of Inventory 1.4 Average Days On Market 29 $498,790 Average Closed Sales Price
Source:
Suwanee
Q4 2023 Atlanta Market Snapshot 44 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Woodstock Union City SINGLE-FAMILY HOMES SINGLE-FAMILY HOMES $276,250 Median Closed Sales Price Homes Sold 24 Months of Inventory 3.6 Average Days On Market 41 $270,072 Average Closed Sales Price $449,000 Median Closed Sales Price Homes Sold 293 Months of Inventory 1.8 Average Days On Market 25 $504,452 Average Closed Sales Price
Condominiums
INSIDE THE PERIMETER
Q4 2023 Atlanta Market Snapshot 47 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Brookhaven/Chamblee CONDOMINIUMS Brookwood Hills CONDOMINIUMS $290,000 Median Closed Sales Price Homes Sold 27 Months of Inventory 2.7 Average Days On Market 41 $373,011 Average Closed Sales Price $338,047 Median Closed Sales Price Homes Sold 6 Months of Inventory 2.3 Average Days On Market 42 $526,516 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 48 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Cabbagetown CONDOMINIUMS Buckhead CONDOMINIUMS $306,500 Median Closed Sales Price Homes Sold 171 Months of Inventory 3.4 Average Days On Market 45 $561,928 Average Closed Sales Price $360,000 Median Closed Sales Price Homes Sold 5 Months of Inventory 2.9 Average Days On Market 14 $393,350 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 49 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Collier Hills/Ardmore Park CONDOMINIUMS Decatur/Druid Hills/Emory CONDOMINIUMS $261,250 Median Closed Sales Price Homes Sold 16 Months of Inventory 3.3 Average Days On Market 22 $329,947 Average Closed Sales Price $280,750 Median Closed Sales Price Homes Sold 34 Months of Inventory 2.1 Average Days On Market 16 $334,310 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 50 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Downtown CONDOMINIUMS Edgewood/Kirkwood CONDOMINIUMS $260,000 Median Closed Sales Price Homes Sold 35 Months of Inventory 5.3 Average Days On Market 37 $335,346 Average Closed Sales Price $400,000 Median Closed Sales Price Homes Sold 7 Months of Inventory 2.6 Average Days On Market 20 $416,785 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 51 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Garden Hills CONDOMINIUMS Grant Park/Glenwood Park CONDOMINIUMS $452,500 Median Closed Sales Price Homes Sold 12 Months of Inventory 2.0 Average Days On Market 38 $521,167 Average Closed Sales Price $534,900 Median Closed Sales Price Homes Sold 10 Months of Inventory 1.8 Average Days On Market 32 $430,810 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 52 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Midtown CONDOMINIUMS Inman Park CONDOMINIUMS $477,500 Median Closed Sales Price Homes Sold 6 Months of Inventory 1.4 Average Days On Market 38 $526,500 Average Closed Sales Price $354,675 Median Closed Sales Price Homes Sold 96 Months of Inventory 3.5 Average Days On Market 42 $450,178 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 53 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Old Fourth Ward/ Poncey Highland CONDOMINIUMS Peachtree Hills CONDOMINIUMS $345,000 Median Closed Sales Price Homes Sold 30 Months of Inventory 2.8 Average Days On Market 35 $347,033 Average Closed Sales Price $295,000 Median Closed Sales Price Homes Sold 11 Months of Inventory 3.3 Average Days On Market 37 $418,636 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 54 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Virginia Highlands/ Morningside CONDOMINIUMS Vinings CONDOMINIUMS $312,000 Median Closed Sales Price Homes Sold 19 Months of Inventory 3.5 Average Days On Market 42 $567,279 Average Closed Sales Price $318,500 Median Closed Sales Price Homes Sold 18 Months of Inventory 2.3 Average Days On Market 43 $398,719 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 55 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) West Midtown CONDOMINIUMS West End/Adair Park/ Capitol View CONDOMINIUMS $183,500 Median Closed Sales Price Homes Sold 2 Months of Inventory 4.5 Average Days On Market 23 $183,500 Average Closed Sales Price $298,000 Median Closed Sales Price Homes Sold 38 Months of Inventory 3.2 Average Days On Market 34 $378,319 Average Closed Sales Price
Condominiums
OUTSIDE THE PERIMETER
Q4 2023 Atlanta Market Snapshot 57 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Cumming CONDOMINIUMS
CONDOMINIUMS $484,260 Median Closed Sales Price Homes Sold 19 Months of Inventory 2.0 Average Days On Market 56 $470,811 Average Closed Sales Price $275,000 Median Closed Sales Price Homes Sold 6 Months of Inventory 0.8 Average Days On Market 34 $268,667 Average Closed Sales Price
Source:
Duluth
Q4 2023 Atlanta Market Snapshot 58 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Marietta/Smyrna/ Vinings CONDOMINIUMS East Cobb CONDOMINIUMS $276,525 Median Closed Sales Price Homes Sold 28 Months of Inventory 2.0 Average Days On Market 18 $305,136 Average Closed Sales Price $289,400 Median Closed Sales Price Homes Sold 66 Months of Inventory 2.5 Average Days On Market 26 $361,352 Average Closed Sales Price
Source:
Norcross/Peachtree Corners
Roswell/Alpharetta/
Source:
Q4 2023 Atlanta Market Snapshot 59 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)
CONDOMINIUMS
CONDOMINIUMS $245,000 Median Closed Sales Price Homes Sold 11 Months of Inventory 4.4 Average Days On Market 36 $309,195 Average Closed Sales Price $335,000 Median Closed Sales Price Homes Sold 39 Months of Inventory 1.7 Average Days On Market 28 $362,567 Average Closed Sales Price
Johns Creek
Q4 2023 Atlanta Market Snapshot 60 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Woodstock CONDOMINIUMS Sandy Springs/Dunwoody/ Perimeter CONDOMINIUMS $269,900 Median Closed Sales Price Homes Sold 69 Months of Inventory 2.1 Average Days On Market 21 $281,319 Average Closed Sales Price $515,000 Median Closed Sales Price Homes Sold 4 Months of Inventory 5.1 Average Days On Market 60 $557,475 Average Closed Sales Price
Townhomes
INSIDE THE PERIMETER
Q4 2023 Atlanta Market Snapshot 63 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Brookhaven/ Chamblee TOWNHOMES Buckhead TOWNHOMES $545,000 Median Closed Sales Price Homes Sold 43 Months of Inventory 2.3 Average Days On Market 18 $543,924 Average Closed Sales Price $535,000 Median Closed Sales Price Homes Sold 47 Months of Inventory 2.4 Average Days On Market 35 $690,854 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 64 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Cascade East TOWNHOMES Cascade West TOWNHOMES $145,000 Median Closed Sales Price Homes Sold 7 Months of Inventory 3.6 Average Days On Market 52 $150,571 Average Closed Sales Price $227,000 Median Closed Sales Price Homes Sold 15 Months of Inventory 2.9 Average Days On Market 45 $216,937 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 65 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Collier Hills/ Ardmore TOWNHOMES Decatur/Emory/ Druid Hills TOWNHOMES $337,250 Median Closed Sales Price Homes Sold 3 Months of Inventory 1.3 Average Days On Market 51 $329,050 Average Closed Sales Price $667,450 Median Closed Sales Price Homes Sold 26 Months of Inventory 2.9 Average Days On Market 57 $644,059 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 66 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Downtown East Atlanta TOWNHOMES TOWNHOMES $581,950 Median Closed Sales Price Homes Sold 1 Months of Inventory 1.3 Average Days On Market 100 $581,950 Average Closed Sales Price $652,245 Median Closed Sales Price Home Sold 4 Months of Inventory 3.3 Average Days On Market 37 $622,176 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 67 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Edgewood/Kirkwood TOWNHOMES East Point TOWNHOMES $300,000 Median Closed Sales Price Homes Sold 5 Months of Inventory 2.5 Average Days On Market 51 $280,180 Average Closed Sales Price $486,500 Median Closed Sales Price Homes Sold 11 Months of Inventory 6.1 Average Days On Market 26 $525,133 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 68 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Grant Park/Glenwood Park/ Ormewood Park TOWNHOMES Inman Park TOWNHOMES $573,104 Median Closed Sales Price Homes Sold 13 Months of Inventory 3.0 Average Days On Market 104 $544,690 Average Closed Sales Price $1,165,000 Median Closed Sales Price Homes Sold 3 Months of Inventory 0.0 Average Days On Market 24 $966,333 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 69 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Midtown TOWNHOMES Old Fourth Ward/ Poncey Highlands TOWNHOMES $562,000 Median Closed Sales Price Homes Sold 2 Months of Inventory 2.5 Average Days On Market 50 $562,000 Average Closed Sales Price $690,000 Median Closed Sales Price Homes Sold 5 Months of Inventory 4.6 Average Days On Market 29 $583,200 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 70 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Summerhill TOWNHOMES Reynoldstown TOWNHOMES $610,000 Median Closed Sales Price Homes Sold 3 Months of Inventory 3.0 Average Days On Market 63 $772,160 Average Closed Sales Price $762,750 Median Closed Sales Price Homes Sold 4 Months of Inventory 2.9 Average Days On Market 33 $684,875 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 71 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) West Midtown TOWNHOMES Vinings TOWNHOMES $475,000 Median Closed Sales Price Homes Sold 29 Months of Inventory 3.5 Average Days On Market 53 $529,071 Average Closed Sales Price $489,540 Median Closed Sales Price Homes Sold 62 Months of Inventory 3.9 Average Days On Market 46 $524,375 Average Closed Sales Price
Townhomes
OUTSIDE THE PERIMETER
Q4 2023 Atlanta Market Snapshot 73 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Acworth TOWNHOMES Canton TOWNHOMES $315,000 Median Closed Sales Price Homes Sold 33 Months of Inventory 2.4 Average Days On Market 35 $359,370 Average Closed Sales Price $444,900 Median Closed Sales Price Homes Sold 25 Months of Inventory 2.8 Average Days On Market 42 $443,608 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 74 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Cumming TOWNHOMES Duluth TOWNHOMES $445,950 Median Closed Sales Price Homes Sold 52 Months of Inventory 1.7 Average Days On Market 19 $450,973 Average Closed Sales Price $428,000 Median Closed Sales Price Homes Sold 47 Months of Inventory 2.4 Average Days On Market 32 $424,180 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 75 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) East Cobb TOWNHOMES Fairburn TOWNHOMES $388,000 Median Closed Sales Price Homes Sold 50 Months of Inventory 2.2 Average Days On Market 26 $428,760 Average Closed Sales Price $338,503 Median Closed Sales Price Homes Sold 28 Months of Inventory 0.6 Average Days On Market 24 $334,184 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 76 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Jonesboro TOWNHOMES $228,300 Median Closed Sales Price Homes Sold 12 Months of Inventory 3.5 Average Days On Market 19 $212,871 Average Closed Sales Price Kennesaw TOWNHOMES $427,615 Median Closed Sales Price Homes Sold 55 Months of Inventory 2.3 Average Days On Market 27 $405,977 Average Closed Sales Price
Source:
Q4 2023 Atlanta Market Snapshot 77 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Lawrenceville TOWNHOMES $350,980 Median Closed Sales Price Homes Sold 97 Months of Inventory 3.3 Average Days On Market 25 $345,166 Average Closed Sales Price Mableton TOWNHOMES $385,000 Median Closed Sales Price Homes Sold 43 Months of Inventory 2.0 Average Days On Market 46 $375,772 Average Closed Sales Price
Source:
Q4 2023 Atlanta Market Snapshot 78 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Milton TOWNHOMES Marietta/Smyrna/ Vinings TOWNHOMES $390,000 Median Closed Sales Price Homes Sold 159 Months of Inventory 2.4 Average Days On Market 30 $409,385 Average Closed Sales Price $534,500 Median Closed Sales Price Homes Sold 8 Months of Inventory 1.8 Average Days On Market 23 $729,375 Average Closed Sales Price
Source:
Norcross/Peachtree Corners
Roswell/Alpharetta/
Source:
Q4 2023 Atlanta Market Snapshot 79 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)
TOWNHOMES
TOWNHOMES $444,500 Median Closed Sales Price Homes Sold 53 Months of Inventory 1.8 Average Days On Market 33 $432,603 Average Closed Sales Price $569,750 Median Closed Sales Price Homes Sold 138 Months of Inventory 2.2 Average Days On Market 39 $623,204 Average Closed Sales Price
Johns Creek
Q4 2023 Atlanta Market Snapshot 80 evatlanta.com
FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23)
TOWNHOMES
Springs/Dunwoody/ Perimeter TOWNHOMES $378,000 Median Closed Sales Price Homes Sold 90 Months of Inventory 1.6 Average Days On Market 30 $430,176 Average Closed Sales Price $531,851 Median Closed Sales Price Homes Sold 31 Months of Inventory 1.9 Average Days On Market 68 $512,178 Average Closed Sales Price
Source:
Suwanee
Sandy
Q4 2023 Atlanta Market Snapshot 81 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Tucker TOWNHOMES Stone Mountain TOWNHOMES $183,450 Median Closed Sales Price Homes Sold 25 Months of Inventory 1.9 Average Days On Market 25 $206,829 Average Closed Sales Price $345,000 Median Closed Sales Price Homes Sold 21 Months of Inventory 1.2 Average Days On Market 30 $339,680 Average Closed Sales Price
Q4 2023 Atlanta Market Snapshot 82 evatlanta.com Source: FMLS, InfoSparks, TrendGraphix, Q4 2023 (10/1/23 to 12/31/23) Woodstock TOWNHOMES Union City TOWNHOMES $200,000 Median Closed Sales Price Homes Sold 9 Months of Inventory 3.4 Average Days On Market 28 $173,450 Average Closed Sales Price $449,418 Median Closed Sales Price Homes Sold 58 Months of Inventory 1.4 Average Days On Market 44 $464,893 Average Closed Sales Price
Key Indicators Glossary
The following key indicators are used throughout this report to describe market trends:
Active Listings
Properties that are currently listed for sale on FMLS. Additional properties may be for sale at any given time— such as for-sale by owner homes or off-market listings— but are not included in the count of “active listings” in this report if they are not in the FMLS database.
Pending Sales
Pending sales are properties that have accepted an offer from a buyer and is in the due diligence period. The sales transaction has not happened yet. This is a leading indicator because it give us insight into how buyers and sellers are reacting to the most current market conditions.
New Listings
New listings are those that have been added to FMLS in a given month. They do not include active listings that were entered in previous months.
Closed Sales
Closed sales represent homes that have sold and transactions have been finalized. This indicator tends to lag market trends slightly because properties typically close one to two months after an offer has been accepted and buyers have locked their interest rates.
Sale Price
The sale price is the final amount paid for a home. It is measured as either an average or a median, with the average price tending to be skewed higher by the highest priced homes. It does not reflect seller concessions, such as closing costs that may have been paid.
Days on Market
Days on market (DOM) measures how long it takes from the time a home is listed until the owner signs a contract for the sale of a property. This tends to vary based on the desirability of a given property, market conditions, and season.
Sale Price to List Price Ratio
The sale price to list price ratio (SP/LP) indicates if a home sold at (100%), above (>100%), or below (<100%) the listed asking price. The sale price to original list price ratio (SP/OLP) compares the sale price to the original asking price, as the current asking price may have reflected price changes.
Months of Inventory
Months of inventory indicates how long it would likely take to sell currently listed homes, if no new inventory were added. It is measured as a ratio of active listings to homes sold. 5 to 6 months of inventory is considered a balanced market. Less than 6 months supply tends to favor sellers, and more tends to favor buyers.
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