Atlanta, GA Real Estate Listings & Homes For Sale

The Atlanta housing market in September 2024 shows signs of cooling compared to last year, with home prices down 5.4% year-over-year to a median of $389K. Homes are taking longer to sell, averaging 53 days on the market versus 29 days last year, suggesting reduced buyer urgency or increased inventory. Additionally, the number of homes sold decreased from 631 to 544, further indicating softened demand. However, the price per square foot saw a modest increase of 1.8%, pointing to steady interest in higher-quality or well-located properties. Overall, Atlanta remains somewhat competitive, but market conditions have shifted to favor buyers with more negotiating power and time to make purchasing decisions.

The Atlanta housing market remains somewhat competitive, with homes typically selling in about 50 days and often attracting multiple offers. On average, properties sell for around 2% below list price, with pending sales occurring within a similar timeframe of 50 days. However, “hot” homes—those in prime locations or with desirable features—are seeing stronger demand, selling near list price and going pending in as little as 20 days. This dynamic suggests that while the overall market has softened slightly, certain properties are still drawing quick interest, making Atlanta a balanced market where buyers have opportunities but must act swiftly for high-demand homes.

Nationally, about 2% of homebuyers are looking to move to Atlanta from other metro areas, reflecting its growing appeal as a relocation destination. New York leads the way in external interest, with prospective buyers likely drawn by Atlanta's relatively affordable housing market, strong job opportunities, and vibrant lifestyle. Following New York, Los Angeles and San Francisco buyers are also considering Atlanta, suggesting a trend of migration from high-cost cities to more affordable, business-friendly regions. This diverse interest highlights Atlanta's status as a desirable choice for those seeking a balanced urban lifestyle with economic advantages.