Market Snapshot | Atlanta 4Q21

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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