Illinois

<h2>Overview of Atlanta’s Real Estate Market Trends</h2>
<p>The Atlanta real estate market presents an interesting study in resilience and growth amidst fluctuating conditions. The most striking trend observed is the consistent increase in property values over time. As of April 2024, we see that the average value of a <a href="https://www.realtytrac.com/market-trends/atlanta-ga/">property in Atlanta</a> has continued to increase, suggesting a strong demand for real estate in the city. For anyone with a stake in the Atlanta market, now might be the right time to sell. The average property value stands at around $398k. Sale prices are averaging $402k.</p>
<h4 class="sc-fff60b4-3 bmIvnq">Housing Market Summary for Atlanta, GA</h4>
<table class="sc-7568d94b-0 lffsHh">
<thead class="sc-7568d94b-1 fnNaKO">
<tr class="sc-7568d94b-4 fHMrnc">
<th class="sc-7568d94b-2 hTsliE"></th>
<th class="sc-7568d94b-2 hTsliE">May 2023</th>
<th class="sc-7568d94b-2 hTsliE">April 2024</th>
<th class="sc-7568d94b-2 hTsliE">Change</th>
</tr>
</thead>
<tbody class="sc-7568d94b-3 jhbPdf">
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Listing Price</td>
<td class="sc-7568d94b-5 eqHQXK">$414.2K</td>
<td class="sc-7568d94b-5 eqHQXK">$401.6K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-3.04%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Median Sold Price</td>
<td class="sc-7568d94b-5 eqHQXK">$381.4K</td>
<td class="sc-7568d94b-5 eqHQXK">$401.6K</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">5.29%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes For Sale</td>
<td class="sc-7568d94b-5 eqHQXK">2,325</td>
<td class="sc-7568d94b-5 eqHQXK">2,542</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf postive">9.33%</span></td>
</tr>
<tr class="sc-7568d94b-4 fHMrnc">
<td class="sc-7568d94b-5 sc-7568d94b-6 eqHQXK bfejLS">Homes Sold</td>
<td class="sc-7568d94b-5 eqHQXK">5,383</td>
<td class="sc-7568d94b-5 eqHQXK">3,968</td>
<td class="sc-7568d94b-5 eqHQXK"><span class="sc-7568d94b-7 kxsCqf negative">-26.29%</span></td>
</tr>
</tbody>
</table>
<p>In Atlanta, prices per square foot has also been trending upward (now $285). This is higher than the previous average value per square foot of $278. This gradual increase indicates a robust market where buyers are willing to invest more in their property purchases.</p>
<figure id="attachment_25607" aria-describedby="caption-attachment-25607" style="width: 1441px" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="size-full wp-image-25607" src="https://nicautomation.wpengine.com/wp-content/uploads/2024/05/Atlanta-price-per-sq-ft-May-2024.png" alt="Atlanta price per sq ft May 2024" width="1441" height="622" /><figcaption id="caption-attachment-25607" class="wp-caption-text">Atlanta price per sq ft May 2024</figcaption></figure>
<p>As we broaden our scope and compare data across counties within Atlanta, we discover disparities. Fulton and Dekalb counties, for instance, depict higher average values and costs per square foot. Such variation points toward certain counties being more sought-after or potentially offering a different mix of properties that attract buyers at different price points.</p>
<p>In summary, the Atlanta real estate market is marked by rising average values, a competitive per square foot pricing structure, albeit with some fluctuations in the number of properties sold. Meanwhile, county-level differences point to a diverse market landscape within the metropolis.</p>
<h2>Nearby Cities Real Estate Performance</h2>
<p>The housing trend in Atlanta’s neighboring vary. For example, in Mableton the average value has decreased to $435,000, moving backward when comparing it to earlier months such as February 2024. Yet, the sale prices in Mableton average around $388,875, showcasing a different trajectory when it comes to actual transaction values compared to their listed averages.</p>
<p>More stability is found in <a href="https://www.realtytrac.com/smyrna-ga/for-sale/">Smyrna</a>. The average value there is notable at $479,950, which is supported by a relatively high sale price averaging at $449,999. This stability could be indicative of a more predictable market, which buyers and sellers alike may find more reliable.</p>
<p>Avondale Estates stands out with the <a href="https://www.realtytrac.com/market-trends/avondale-estates-ga/">highest average value</a> among the mentioned cities, at about $547,750. Paired with this high value, the sale price also hovers at a relatively high figure of $569,877. With lower property count and sold count, this suggests an exclusivity or a premium niche within the market.</p>
<p>Scottdale, on the other hand, presents more accessible average values, approximately $340,000, but experiences a lower sale price, reflecting the nuances of the market dynamism at roughly $294,063. Lastly, Decatur seems to maintain an equilibrium with an average value of about $310,000 and a sale price at $311,472, which is quite consistent with its average property value.</p>
<p>What these variations suggest is that the Atlanta real estate market and its surrounding areas are not monolithic. The distinct trends among the nearby cities attest to their individual market conditions, unique local demands, and the impact of their respective community profiles. Potential homeowners and investors need to take a closer look at these variances to understand <a href="https://www.realtytrac.com/resources/5-essential-tips-to-get-your-home-ready-for-sale/">where the best opportunities</a> or values might lie.</p>


Market Reports

Atlanta Property Values Soar as April 2024 Recent Data Reveals Robust Market Growth

May report of the Atlanta real estate market which shows consistent growth with increasing property values and price per square foot.

Atlanta Property Values Soar as April 2024 Recent Data Reveals Robust Market Growth - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/05/Atlanta-Georgia-Market-Report-March-2024.png

Resource

RealtyTrac

Manuel is an expert in all things real estate, including buying and flipping homes.

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Manuel Martinez

Property Values and Sales on the Rise in Savannah, Georgia – April 2024

Market report of Savannah, GA, a real estate market that has shown consistent growth, with the average property value reaching nearly $400,000.

Property Values and Sales on the Rise in Savannah, Georgia – April 2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/04/Real-Estate-Market-Report-Savannah-Georgia-April-2024.png

New York

Arlington, Texas Sees Declining Home Values Amidst Stable Prices per Sq Ft as of February 2024

The Arlington, TX real estate market saw a decrease in average home value and sale price between May 2023 and February 2024, but maintained stability in price per square foot.

Arlington, Texas Sees Declining Home Values Amidst Stable Prices per Sq Ft as of February 2024 - RealtyTrac

https://www.realtytrac.com/wp-content/uploads/2024/03/Market-Report-Arlington-TX-March-2024.png

Investing Strategies

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Tips and tricks for home owners and real estate investors looking to invest in homes

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How To Identify The Best Cities to Invest In 2024

How to find the cities to invest in for 2024 and make informed decisions for your financial future.

How To Identify The Best Cities to Invest In 2024 - RealtyTrac

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Atlanta Property Values Soar as April 2024 Recent Data Reveals Robust Market Growth

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