Is Sandy Springs, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Sandy Springs has remained a Seller's Market.
Housing Prices in Sandy Springs, GA
How much do homes in Sandy Springs, GA cost?
Median Sold Price
$620,865
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sandy Springs was $620,865 in April 2024, up 11.8% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $182K | -1.6% |
2 Bedrooms | $260K | $270K | +3.8% |
3 Bedrooms | $488.1K | $525K | +7.6% |
4 Bedrooms | $738.3K | $765K | +3.6% |
5+ Bedrooms | $1.1M | $1.2M | +5.9% |
Summary: Sandy Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
Sandy Springs | $555.1K | $620.8K | +11.8% |
Roswell | $580K | $627.6K | +8.2% |
Dunwoody | $590.7K | $630K | +6.6% |
Northeast Cobb | $516.4K | $550K | +6.5% |
Chamblee-Doraville | $590.8K | $624.2K | +5.7% |
Housing Supply in Sandy Springs, GA
How many homes are available in Sandy Springs, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
549 | 605 | +10.2% |
Summary: The Sandy Springs real estate market had 605 homes for sale in April 2024, a 10.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 40 | 40 | 0.0% |
2 Bedrooms | 112 | 147 | +31.3% |
3 Bedrooms | 132 | 130 | -1.5% |
4 Bedrooms | 98 | 84 | -14.3% |
5+ Bedrooms | 167 | 204 | +22.2% |
Summary: The Sandy Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
141 | 131 | -7.1% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Summary: A total of 131 homes were sold or pending in Sandy Springs in April 2024, down by 7.1% month-over-month. Of the 126 sold homes, 45% were sold under asking, 18% were sold at asking, and 37% were sold over asking.
Days on Market for Sandy Springs, GA
How long does it take to sell a home in Sandy Springs, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 28 Days | +28.2% |
Summary: Homes in Sandy Springs had an average of 28 days on market in Apr 2024, up by 28.2% compared to last year.
Breakdown of Home Sale Times
99 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 131 homes were sold in Sandy Springs; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.