Top Small Teams in Atlanta, Georgia – Ranked By Sides

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2023 Atlanta, Georgia Housing Market Summary

Atlanta, Georgia started 2023 with a total of 1,686 single-family homes on the market, with a median home price of $419,000 and an average price per square foot of $272. By the end of the year, inventory had increased to 2,006 homes on the market (+18%), with a median home price of $435,000 (+3%) and an average price per square foot of $283 (+4%).

At the start of 2023, the median days on market (DOM) was 70 days – by the end of the year, median DOM had remained the same at 70 days.

Atlanta started the year with 44% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 42% of Atlanta homes for sale had taken a price cut.

Finally, Altos’ proprietary Market Action Index (MAI) shows that Atlanta started 2023 as a strong seller’s market, with an MAI score of 46; by the end of the year, the MAI had dropped to 28 – a buyer’s advantage.

This market summary is powered by Altos Research – click here to run a free report for your area.

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