Atlanta GA Land & Lots For Sale - 454 Listings | Zillow (2024)

FAQs

Is now a good time to sell a house in Atlanta? ›

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.

Metro Atlanta's housing premiums are 40.37% overvalued, according to the analysis, which is the second-highest overvaluation in the country, behind Detroit. 98 cities in the study are selling the average property above its historical implied price in their area.

Median Land Price Per Acre - $3,800 per acre.

Atlanta has an excellent rental market, and home prices seem to be less expensive than the US average. Plus, you'll find newly renovated properties that already have tenants. Real estate is a huge success, and there are multiple industries thriving, such as logistics, technology, science, professional, and healthcare.

Atlanta Housing Market Trends

In July 2024, Atlanta home prices were up 14.5% compared to last year, selling for a median price of $429K. On average, homes in Atlanta sell after 47 days on the market compared to 28 days last year. There were 650 homes sold in July this year, down from 724 last year.

Again, June and July are the best months to close your house sale quickly. During these months, homes spend an average 24-27 days on the market, which is 10-15 days less than the rest of the months. Fewer days on the market is considered an indicator of a seller's market.

Atlanta, GA housing market

The median listing home price in Atlanta, GA was $400K in July 2024, trending down -7% year-over-year. The median listing home price per square foot was $264. The median home sold price was $379.8K.

You have seen Atlanta's home prices grow quite a bit in recent years. That happened because of strong economic conditions and many new people moving in. But get ready for the climb to slow a bit, so expect a 3.2% yearly increase in 2025.

Buying in Hawaii and California can cost up to 70% or more of local per capita income. Housing costs were usually high in Maui, even before the devastating fires of August 2023. How Much Is My House Worth?

We recommend you go straight to LandWatch, Lands of America, or LoopNet - you'll almost surely find what you're looking for. Plain and simple.

Who owns the most land in Georgia? ›

With 750,000 acres in timberland, Plum Creek is Georgia's largest private landowner.

In Georgia, homestead applies to real or personal property used as a residence, including a condominum or co-op. It does not apply to land owned that is not used as a residence.

It is usually cheaper to buy a home than build a new one. However, by building your own home you get a brand-new residence, customized to your needs. It costs $273,860 on average to build a home in Georgia. This figure can add up to $423,860 if you include land costs, excavations, permits, and other expenses.

Brunswick may be the most affordable place to live in Georgia. The median home cost was around $106,000 in January 2023, significantly lower than the national average. However, prices have been rising rapidly since then.

If you're a home seller

For starters, it's a seller's market, with the latest Georgia Realtors data showing just a 2.5-month supply of housing inventory in the state. A balanced market requires a five- or six-month supply, meaning there's much less supply than there is demand right now.

In a recent note, Chief US Economist Michael Gapen and his team revealed that they expect home prices to rise by 4.5% this year and 5% in 2025. Gapen doesn't foresee the market cooling down until 2026 at the earliest. With this in mind, current homeowners can sell for even higher prices down the road.

The worst time to sell a house is typically during the winter months, particularly in December, January, and February. During this period, bad weather can deter potential buyers from attending open houses, and many people are preoccupied with holiday activities and planning.

In 2024, Atlanta's real estate market is expected to experience the following: Average home values in the metro area are forecasted to see hikes of as much as 6%, mirroring national trends. However, some neighborhoods may see price drops, highlighting the importance of local market conditions, according to Atlantafi.