Atlanta Housing Market Guide
As one of the biggest metros in the Southeast, Atlanta has become a hot spot for the real estate industry. From new city-goers searching for homes to longtime residents listing their houses for sale, Atlanta real estate has been on an upward trajectory and appears to have no plans of slowing down.
Whether you’re looking to buy or sell a home in Atlanta, it’s important to have a professional by your side to help navigate this competitive market. With decades of experience in the Peach City, the experts at Mark Spain Real Estate are more than well-equipped to guide you through the Atlanta housing market. Below, we’ve compiled a comprehensive guide to Atlanta real estate for potential buyers and sellers of the Peach City.
Atlanta Housing Market Guide
Atlanta Housing Market Overview
Home buyers and sellers alike need to be familiar with local real estate trends in the Atlanta housing market. In a nutshell, our experts recommend paying attention to the following factors while navigating the current market:
Median home price
Atlanta’s median home price is about $400,000.
Atlanta’s sale-to-list ratio is 1, meaning that homes in this area are generally selling for their asking price.
Days to close
Atlanta’s median days to close is 51 days, which is on par with national averages.
How Much Do Homes in Atlanta Sell For?
In 2023, the average home in Atlanta will sell for about $400,000, up around 1% from the previous year. Generally, Atlanta presents a somewhat competitive market, welcoming a continuous influx of newcomers looking to buy while also seeing longtime residents sell their homes and relocate to new parts of the city. Inbound home buyers in Atlanta tend to come from other popular metros like New York City and Washington, DC. However, most Atlanta homebuyers search to stay within the Atlanta metropolitan area.
When Is the Best Time to Buy or Sell a Home in Atlanta?
Though spring is the ideal time to list a home, sellers can still achieve success in the winter. During the winter months, the housing market will have less inventory and, consequently, less competition among sellers. Winter sellers will also encounter more serious buyers, as this season sees buyers who are looking to purchase and not just window shop. And let’s not forget about the home-staging opportunities that come with the holiday season. From draping a garland on the fireplace to setting up a stunning Christmas tree, your house will look extra festive for home showings during this time of year.
Seasons also play a massive part in an Atlanta housing market. While the spring and summer months see their fair share of eager home buyers, winter can present more optimal buying conditions. Generally, January through March are the best times to buy a home in Atlanta, as you can expect less buyer competition, faster closings, and cheaper moving costs. Though the winter weather won’t necessarily yield ideal moving conditions, this time of year allows buyers more room to negotiate prices. With less buyer competition and sellers eager to move by summer, winter grants buyers the upper hand as they’ll likely not have to pay the full market price for a home.
How Can I Sell My Home Fast in Atlanta?
Despite its large inventory of home listings, Atlanta is a great place to sell a home fast. As the city continues to develop, more and more newcomers are flocking to Atlanta, seeking to settle down and start their next chapter. However, to impress buyers and ensure a quick sale, you must implement a home-selling strategy to give your listing a competitive edge. At Mark Spain Real Estate, we equip our sellers with top-quality techniques to sell their Atlanta homes fast. From studying popular home trends to investing in home-selling renovations, our agents will know how to set your listing up for success in the competitive Atlanta housing market.
What Are the Best Neighborhoods in Atlanta?
The Atlanta housing market is made up of several top-quality neighborhoods. From warm and homey suburban communities to city-bound areas in the center of the action, Atlanta has neighborhoods fit for all lifestyles and needs. Read below to learn more about some of the top neighborhoods in Atlanta.
Located at the heart of the metro-Atlanta area, Midtown and Downtown Atlanta are perfect for those looking to be in the center of all the action. With convenient access to shopping, dining, parks, and major highways, Midtown and Downtown are optimal for those who want to explore Atlanta to the fullest.
Delicious restaurants, expansive parks, and premier shopping – these are just a few things you can expect when living in Buckhead. Popular among families, couples, and singles, Buckhead appeals to the masses and has become one of Atlanta’s premier neighborhoods over the years. For housing, Buckhead offers high-rise condos with a city feel as well as large estates in luxury neighborhoods.
A bustling residential city nestled in a northeast pocket of Atlanta, Brookhaven is a popular area to live for young couples, families, and singles alike. With a wide variety of local shops, restaurants, and parks, along with a never-ending list of festivals, events, and farmers markets, Brookhaven offers a little something for everyone.
Home to Dekalb Peachtree Airport (PDK), Chamblee is a burgeoning real estate opportunity just north of Brookhaven but still inside the Atlanta perimeter. Chamblee offers tons of worldly cuisines, various breweries and beer gardens, an array of parks, and a booming local business atmosphere for young entrepreneurs.
Marietta is known for its rich, diverse culture, exceptional schools, and several charming historic districts, making it the perfect place to raise a family, start a business, or commute to Downtown Atlanta. With just over 60,000 residents, Marietta continues to grow due to its optimal mix of suburban and urban lifestyles and its wide selection of restaurants, coffee shops, and parks.
Sell a Home in Atlanta with Mark Spain Real Estate
Do you want to buy or sell a home in Atlanta? The industry professionals at Mark Spain Real Estate are here to help you navigate Atlanta real estate. With decades of industry experience, our team will help you become an expert in the Atlanta housing market, hassle-free! Check out our Guaranteed Offer Program for the potential to receive a competitive cash offer on your home in only 21 days. Contact our agents today!