How Much Does A House Cost in Atlanta's Market Today!

Average home prices are steadily growing in today's Atlanta's market. As stated by a reliable market analysis released last month, the average price in April 2014 was $19,500, up 12.9% from a year ago and below the national average of $207,500. The report also found that Atlanta has one of the largest real estate inventories in the country for potential homebuyers. We have projected what you can expect to pay and what type of house you can get in the Atlanta area.

Atlanta’s Housing Market

Atlanta has a lot of homes to offer potential homebuyers with so many homes up for sale now.  Just in February, homes listed ranged from $10,000 for distressed real estate to million dollar mansions that would rival some nice foreign estates. House hunters can expect that half of the homes for sale will be above the median at $197,500, while the other half will be below that. Luckily the homes in the middle are more appealing to most house hunters, very few people can actually afford the super lavish homes, and very few people would want to take on the responsibility of fixing up the lower costly ones. Many homes near the middle can be found in beautiful neighborhoods, located in great school districts and just as many can accommodate large families as well as singles or young couples.

Homes Listed at Median Value

Homes listed at $200,000 will show you what you can expect to find on average in Atlanta's market. Most neighborhoods contain properties at this price point, including, Grant Park, Cabbage Town, Ormewood, and East Atlanta. Most of these listings are detached single family homes with 2-3 bedrooms and 2 bathrooms or more and are new, newly renovated, or well maintained. The closer you get to downtown and midtown, a few condos and townhouses are in the $200,000 range as well. The typical square footage at this price point can range from 1,500 to 2,000 square feet. .

The Best Values in Atlanta

Even though the average cost of a home in Atlanta is $200,000, you can still find thousands of homes, with great potential, in nice neighborhoods, that are priced below the median. If you are up for doing some renovations like replacing appliances, flooring, or lighting, then you should buy in a area where you will enjoy living- preferably, near Atlanta's BeltLine and buy below the top of your price range and budget in the cost for home repairs. This is the best way to find a great home at a even greater price. 

If you’re interested in purchasing your next rental property or want to learn more about how you can sell your house fast, simply fill out our Fast Response form or give House 4 Cash Buyer's a call at 404-220-7139. Our experienced real estate professionals would love to sit down and discuss your needs. One phone conversation can be life changing. We look forward to hearing from you!