Georgia started 2024 with a total of 20,962 single-family homes on the market, with a median home price of $399,900 and an average price per square foot of $219.17. By the end of the year, inventory had increased to 30,081 homes on the market (+44%), with a median home price of $399,000 (0%), and an average price per square foot of $217 (-1%).
At the start of 2024, the median days on market (DOM) was 63 days – by the end of the year, median DOM had increased to 77 days.
Georgia started the year with 28.71% 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 34.63% of homes for sale had taken a price cut.
