Although home sales have dipped a bit in recent months, home values in the metro area continue to hold firm, according to recent real estate data.
You may be curious to know how much an average Atlanta home costs in the current real estate market.
What Is The Average Price Of A Home In Atlanta?
According to recent figures from Zillow, the average value of a home in Atlanta is $399,005, which is up more than 7% compared to last year. Obviously, the state’s capital city would have the highest home values.
The average home in Atlanta consists of:
- 3 bedrooms, 2 bathrooms
- A one-quarter acre lot
- Central air and heating unit
In Georgia, the average home value is about $301,978, according to Zillow. The Peach State has experienced about a 23.7% increase in home values over the last 18 months.
Are Home Prices Dropping In Atlanta?
In Atlanta, home prices are starting to cool after a string of months that saw gains across all types of units. Even the cost of land is high in Georgia now.
Here are the average home prices across the top 10 metro areas, according to Realtor.com’s latest calculations.
April 2024 Housing Overview of the 50 Largest Metros
| Metro Area | Active Listing Count YoY | New Listing Count YoY | Median Days on Market | Median Days on Market Y-Y (Days) | Price– Reduced Share | Price- Reduced Share Y-Y (Percentage Points) |
| Atlanta-Sandy Springs-Alpharetta, Ga. | 42.7 % | 27.4 % | 39 | -4 | 17.7 % | 6.1 pp |
| Austin-Round Rock-Georgetown, Texas | 23.6 % | 36.1 % | 42 | -3 | 24.7 % | -2.5 pp |
| Baltimore-Columbia-Towson, Md. | 15.3 % | 3.8 % | 36 | -1 | 12.0 % | 2.6 pp |
| Birmingham-Hoover, Ala. | 36.5 % | 23.6 % | 46 | 1 | 14.9 % | 2.6 pp |
| Boston-Cambridge-Newton, Mass.-N.H. | 7.5 % | 4.5 % | 24 | -1 | 10.4 % | 1.2 pp |
| Buffalo-Cheektowaga, N.Y. | 5.1 % | 3.4 % | 34 | -6 | 5.3 % | -0.3 pp |
| Charlotte-Concord-Gastonia, N.C.-S.C. | 31.9 % | 20.3 % | 37 | -2 | 16.9 % | 5.7 pp |
| Chicago-Naperville-Elgin, Ill.-Ind.-Wis. | 0.1 % | 7.4 % | 34 | -4 | 8.5 % | 0.2 pp |
| Cincinnati, Ohio-Ky.-Ind. | 23.2 % | 9.4 % | 32 | 1 | 10.7 % | 3.3 pp |
| Cleveland-Elyria, Ohio | -2.4 % | 3.4 % | 39 | -3 | 11.1 % | 1.7 pp |
Atlanta has one of the best real estate markets in the country, with affordable housing in every quadrant of the city. Large backyards, manicured parcels and strong neighborhoods with ample dining amenities make it one of the top places for transplants.
Not to mention that the city’s dining scene is the best in the Southeast. Looking for a home? Check out our Real Estate Resource Page.
Keep up with what’s going on in Atlanta’s real estate scene here with our Apartment Guide.
See The Latest Atlanta Real Estate News At AtlantaFi.com.
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