Atlanta, GA Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

What is the average cost of a house in Atlanta, Georgia? ›

The median listing home price in Atlanta, GA was $425K in May 2024, trending down -3.2% year-over-year. The median listing home price per square foot was $270. The median home sold price was $362.5K.

As of May 31, 2024, the average annual pay for a Real Estate Agent in Atlanta is $79,104 a year. Just in case you need a simple salary calculator, that works out to be approximately $38.03 an hour. This is the equivalent of $1,521/week or $6,592/month.

Georgia's affordability is attributed to a combination of factors, including a robust job market, a lower cost of living, and the availability of abundant land for housing developments.

Best Time to Sell Your House for a Higher Price

April, May, and June are the best months to sell your house in Atlanta. The median sale price of houses in May 2023, was $441,375, which is expected to rise in 2024. However, cities like Norcross and Brookhaven follow an upward trend throughout the year.

A new study shows that single adults in Georgia's capital city need to make a salary of more than $100,000 to be comfortable. The annual study, which was published last week by researchers at SmartAsset, used the MIT Living Wage Calculator to examine the nation's 99 largest metropolitan areas.

Atlanta Housing Market Trends

In April 2024, Atlanta home prices were up 6.6% compared to last year, selling for a median price of $421K. On average, homes in Atlanta sell after 37 days on the market compared to 31 days last year. There were 754 homes sold in April this year, up from 722 last year.

The highest-paying states for real estate brokers

According to GlassDoor, the top five states with the highest real estate broker salaries are New York, California, Nevada, Iowa, and Arizona. Commissions can vary based on city, market, property type, sales volume, and experience levels.

Entry-level wages start from $22K and can go up to $100K annually for top-level agents. For more experienced and senior-level real estate agents, the average annual salary starts at around $60K. Mid-level real estate agents in Georgia can earn an average annual salary of $46K.

The report found that Atlanta was in the middle of the list. The average monthly payment for a starter home in Atlanta is $2,453, while the average monthly cost to rent an apartment is $1,613—a difference of $840 or 52.1%. The top 10 metros with the largest rent vs.

What part of Georgia has the cheapest houses? ›

Here's how each month of the year ranked for the best time to sell a house. The highest-earning months are, in ranking order, May, June, April and March. Just over 18 million purchase transactions took place during this period, according to ATTOM.

Best Time to Sell Your House for a Higher Price

April, June, and July are the best months to sell your house in California. The median sale price of houses in June 2023, was $796,400, which is expected to grow more in 2024. However, cities like Arcadia and San Mateo follow an upward trend throughout the year.

Atlanta is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Cost of Living in Atlanta, Georgia by Expense Category

Atlanta's housing expenses are 8% higher than the national average and the utility prices are 14% lower than the national average. Transportation expenses like bus fares and gas prices are 3% higher than the national average.

Zillow's latest data report showed “a monthly mortgage payment on a typical Atlanta home has risen sharply since January 2020, up 112.7% to $2,364,″ if you're making that 10% down payment.

Georgia housing trends and stats

According to Georgia Realtors, the median price for a home in the state in July 2023 was $358,000. That's a 2 percent increase from July of last year, but still below the national median price of $406,700.

The cost to build a home in Atlanta is totally worth it—if you know what you're doing. Building your dream home from scratch ensures the house is built to your specifications. However, building a new home is usually much more costly than buying one.