K E L L E R K N A P P R E A L T Y . C O M M E T R O A T L A N T A QTR 1 2024 MARKET R E P O R T
1ST QUARTER SINGLE-FAMILY
MARKET ANALYSIS
QUARTER 2024
SINGLE-FAMILY HOMES ANALYSIS
METRO ATLANTA
85 20 75 285
SINGLE-FAMILY
Northwest Atlanta Northeast Atlanta City of Tucker North Decatur Intown Atlanta City of Decatur South Decatur Southeast Atlanta Southwest Atlanta Westside 1 2 3 4 5 6 7 8 9 10
AREA BREAKDOWN
HOMES
1 2 4 3 5 6 7 10 8 9 20 675 75 85 400 285
1ST QUARTER 2024
KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 5.8% -8.8% #UNITS SOLD ~ 156 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 31.1% 4.0% SOLD PRICE/LIST PRICE ~ 97.0% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 2.0% 1.2% AVERAGE DAYS ON MARKET ~ 20 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -48.7% 35.9%
~ $1,525,357
NEIGHBORHOODS Sandy Springs (W) Sandy Springs (S) Chastain Park Peachtree Hills/Peachtree Park Collier Hills Tuxedo Park West Paces Ferry 1 2 3 4 5 6 7 1 285 85 285 75 400 141 78 2 3 6 4 5 7
NORTHWEST ATLANTA
85 1
NEIGHBORHOODS Brookhaven - North Chamblee Doraville Brookhaven - South North Buckhead/Pine Hills 1 2 3 4 5 2 3 4 5 285 141 85 23 85 285
NORTHEAST ATLANTA
1ST QUARTER 2024
KEY METRICS
SINGLE-FAMILY HOMES
~ $746,000
SALES PRICE
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 15.4% 2.7% #UNITS SOLD ~ 240 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 72.7% 73.9% SOLD PRICE/LIST PRICE ~ 96.5% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -0.3% -1.4% AVERAGE DAYS ON MARKET ~ 14 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -48.5% 64.3%
1ST QUARTER 2024
KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 11.6% -5.3% #UNITS SOLD ~ 79 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -11.2% 5.3% SOLD PRICE/LIST PRICE ~ 98.6% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 1.3% -0.6% AVERAGE DAYS ON MARKET ~ 19 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -15.6% -17.4%
~ $467,500
78 29 10 78 85
NEIGHBORHOODS City of Tucker - West City of Tucker - East 1 2 285 140 1 2
CITY OF TUCKER
85 85 1
DECATUR NEIGHBORHOODS North Druid Hills Northlake Leafmore/Sagamore Hills Medlock Park Druid Hills 1 2 3 4 5 2 3 4 5 285 20 154 85 400 285 154
NORTH
1ST QUARTER 2024
KEY METRICS
SINGLE-FAMILY HOMES
~ $720,980
PRICE
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 26.8% 11.6% #UNITS SOLD ~ 122 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -8.3% 2.5% SOLD PRICE/LIST PRICE ~ 98.6% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 0.6% 1.1% AVERAGE DAYS ON MARKET ~ 9 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -9.6% 2.2%
SALES
1ST QUARTER 2024
KEY METRICS
SINGLE-FAMILY HOMES
~ $923,497
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -3.4% 0.5% #UNITS SOLD ~ 8 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 60.0% -8.3% SOLD PRICE/LIST PRICE ~ 98.0% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 0.2% 0.4% AVERAGE DAYS ON MARKET ~ 16 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -61.0% 60.4%
SALES PRICE
85
NEIGHBORHOODS Ansley Park + Lindridge Martin-Manor Virginia Highland + Morningside Candler Park + Lake Claire Kirkwood + Edgewood East Lake Cabbagetown + Reynoldstown Inman Park Old Fourth Ward Midtown 1 2 3 4 5 6 7 8 75 20 1 2 9 8 5 3 4 6 78 23 9 7
INTOWN ATLANTA
1 20 2 154 78 78 23
OF DECATUR NEIGHBORHOODS Decatur Oakhurst 1 2
CITY
1ST QUARTER 2024
KEY METRICS
SINGLE-FAMILY HOMES
~ $802,375
SALES PRICE
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -10.6% 3.8% #UNITS SOLD ~ 28 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 7.7% 3.7% SOLD PRICE/LIST PRICE ~ 99.9% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -1.4% -0.4% AVERAGE DAYS ON MARKET ~ 9 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -19.0% 21.4%
1ST QUARTER 2024
KEY METRICS
SINGLE-FAMILY HOMES
~ $413,313
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 9.8% -0.8%
SOLD
127 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -11.2% 2.4% SOLD PRICE/LIST PRICE ~ 97.9% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 1.7% -0.1%
SALES PRICE
#UNITS
~
154 1 3 2 4 20 285 10 78 285 78 20 SOUTH DECATUR NEIGHBORHOODS Scottdale Avondale Estates Belvedere Park Candler-McAfee 1 2 3 4 85
NEIGHBORHOODS
75 675 285 166 154 4 2 5 6 7 9 1 8 3 285 85 20
SOUTHEAST ATLANTA
Summerhill/Peoplestown Grant Park Chosewood Park/Benteen Ormewood East Atlanta East Lake Terrace Gresham Park Pennington Park/Balleau Woods Lakewood 1 2 3 4 5 6 7 8 9
1ST QUARTER 2024
KEY METRICS
SINGLE-FAMILY HOMES
SALES PRICE
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 2.9% -1.6% #UNITS SOLD ~ 197 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 2.6% -13.6% SOLD PRICE/LIST PRICE ~ 98.9% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 1.9% 1.2% AVERAGE DAYS ON MARKET ~ 15 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -21.3% -27.1%
~ $464,250
1ST QUARTER 2024
KEY METRICS
SINGLE-FAMILY HOMES
~ $332,881
PRICE
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -0.2% 0.7% #UNITS SOLD ~ 240 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 14.3% -10.4% SOLD PRICE/LIST PRICE ~ 95.6% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -1.0% -0.2% AVERAGE DAYS ON MARKET ~ 37 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 54.2% 31.3%
SALES
85 1
NEIGHBORHOODS Audobon Forest/Cascade Heights West End/Adair Park Oakland City/Venetian Hills Pittsburgh/Sylvan Hills East Point Hapeville College Park 1 2 3 4 5 6 7 2 3 4 5 6 7 20 285 20 154 85 75
SOUTHWEST ATLANTA
1 85 2 3 4 5 6 7 285 75 20 20 85 285 WESTSIDE NEIGHBORHOODS Vinings Buckhead - West Underwood Hills/Westside Station Grove Park + Howell Station Mosley Park + Washington Park Collier Heights Riverside 1 2 3 4 5 6 7
1ST QUARTER 2024
KEY METRICS
SINGLE-FAMILY HOMES
~ $571,357
PRICE
FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -1.6% 2.1%
SOLD
166 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 0.6% -3.5% SOLD PRICE/LIST PRICE ~ 96.8% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -1.1% -0.5%
SALES
#UNITS
~
21 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 26.7% 18.5%
AVERAGE DAYS ON MARKET ~
1ST QUARTER
ANALYSIS
CONDOS & TOWNHOMES MARKET
ANALYSIS QUARTER 2024
TOWNHOMES
Our overview of the Condo and Townhome market includes 5 Metro Atlanta Areas that make up approximately 85% of the total Residential Attached sales. These areas are rich in high-density and multi-family housing. We also present Condos and Townhomes separately, because there is a substantial price difference between the two types of homes.
85 20 75 285
BREAKDOWN CONDOS & TOWNHOMES Northwest Atlanta Northeast Atlanta North Decatur Intown Atlanta Westside 1 2 3 4 5
METRO ATLANTA AREA
1 2 3 4 5 20 675 75 85 400 285 285
1ST QUARTER 2024
KEY METRICS
CONDOS
TOWNHOMES
NORTHWEST ATLANTA
SALES PRICE ~ $340,000 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 17.5% 10.7% #UNITS SOLD ~ 119 SOLD PRICE/LIST PRICE ~ 97.2% AVERAGE DAYS ON MARKET ~ 28 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -11.2% -16.2% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 0.0% -0.4% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 12.0% 55.6% SALES PRICE ~ $540,700 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -4.4% 4.5% #UNITS SOLD ~ 46 SOLD PRICE/LIST PRICE ~ 98.9% AVERAGE DAYS ON MARKET ~ 13 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 0.0% 27.8% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 1.1% 0.2% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -31.6% -23.5%
NORTHEAST ATLANTA
1ST QUARTER 2024 KEY METRICS
TOWNHOMES CONDOS
SALES PRICE ~ $322,000 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 7.4% 2.9% #UNITS SOLD ~ 82 SOLD PRICE/LIST PRICE ~ 97.0% AVERAGE DAYS ON MARKET ~ 36 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 26.2% 20.6% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -1.4% 0.3% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 63.6% 38.5% SALES PRICE ~ $565,000 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -3.2% 3.7% #UNITS SOLD ~ 65 SOLD PRICE/LIST PRICE ~ 98.5% AVERAGE DAYS ON MARKET ~ 22 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -4.4% 20.4% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -0.6% -0.7% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 10.0% 144.4%
NORTH DECATUR
1ST QUARTER 2024 KEY METRICS
CONDOS
TOWNHOMES
SALES PRICE ~$267,250 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 12.8% 4.9% #UNITS SOLD ~ 51 SOLD PRICE/LIST PRICE ~ 99.1% AVERAGE DAYS ON MARKET ~ 15 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 34.2% 34.2% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 0.7% 1.6% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -25.0% 25.0% SALES PRICE ~ $557,533 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 27.3% 3.2% #UNITS SOLD ~ 24 SOLD PRICE/LIST PRICE ~ 99.6% AVERAGE DAYS ON MARKET ~ 29 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 41.2% 26.3% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 1.5% 0.5% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 93.3% 11.5%
INTOWN ATLANTA
1ST QUARTER 2024 KEY METRICS
CONDOS
TOWNHOMES
SALES PRICE ~ $365,000 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 10.9% 1.5% #UNITS SOLD ~ 169 SOLD PRICE/LIST PRICE ~ 98.3% AVERAGE DAYS ON MARKET ~ 21 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -26.8% -15.9% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -0.3% 0.8% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 16.7% -12.5% SALES PRICE ~ $684,993 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 18.7% 13.1% #UNITS SOLD ~ 58 SOLD PRICE/LIST PRICE ~ 100.0% AVERAGE DAYS ON MARKET ~ 18 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 7.4% 52.6% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 1.5% 0.5% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -5.3% 28.6%
1ST QUARTER 2024 KEY METRICS
CONDOS
TOWNHOMES
WESTSIDE
SALES PRICE ~ $325,000 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 18.2% 9.8% #UNITS SOLD ~ 103 SOLD PRICE/LIST PRICE ~ 96.3% AVERAGE DAYS ON MARKET ~ 37 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -3.7% 1.0% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -1.6% -1.6% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 19.4% 85.0% SALES PRICE ~ $464,900 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 0.0% -5.1% #UNITS SOLD ~ 103 SOLD PRICE/LIST PRICE ~ 97.9% AVERAGE DAYS ON MARKET ~ 33 FROM PREVIOUS YEAR FROM PREVIOUS QUARTER 9.6% 15.7% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -0.4% -1.2% FROM PREVIOUS YEAR FROM PREVIOUS QUARTER -5.7% 26.9%
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