Atlanta Market Report - August 2024

Published 09/04/2024 | Posted by Derrick Dahl

In August 2024, the Atlanta housing market was somewhat competitive. Home prices were down 2.7% compared to last year, selling for a median price of $395K. The median sale price per square foot in Atlanta is $280, down 6.4% since last year. On average, homes in Atlanta sell after 53 days on the market compared to 31 days last year. There were 687 homes sold in August this year, down from 711 last year. Average homes sell for about 2% below list price.

Atlanta Migration & Relocation Trends

21% of Atlanta homebuyers searched to move out of Atlanta, while 79% looked to stay within the metropolitan area.

Where are people moving to Atlanta from?

Across the nation, 2% of homebuyers searched to move into Atlanta from outside metros. New York homebuyers searched to move into Atlanta more than any other metro followed by Los Angeles and Washington.

Where are people from Atlanta moving to?

79% of Atlanta homebuyers searched to stay within the Atlanta metropolitan area. Macon was the most popular destination among Atlanta homebuyers followed by Chattanooga and Savannah.

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