According to research from GAMLS,
Fulton County is the Top selling county in Metro Atlanta and has been for years.
The average sales price in Fulton county as of April 2023 is $634,418.
which is an approx $200,000 increase since 2019.
The average sales price in Fulton county through the end of 2019 was $433,492
and only $331,305 in 2016. Real estate is still a great long term investment in the right market.
Download a Detailed Report of Atlanta’s Housing Market (local)
| County | Units Sold | Avg Sales Price | Inventory (Months Supply) | |
|---|---|---|---|---|
| Fulton | 894 | $634,418 | less than 60 days | |
| Gwinnett | 900 | $459,708 | less than 60 days | |
| Cobb | 736 | $506,419 | less than 60 days | |
| DeKalb | 651 | $484,240 | less than 60 days | |
| Henry | 415 | $364,280 | less than 60 days | |
| Cherokee | 306 | $574,361 | less than 60 days | |
| Forsyth | 288 | $668,121 | less than 60 days | |
| Paulding | 310 | $366,152 | less than 60 days | |
| Coweta | 244 | $453,576 | less than 60 days | |
| Fayette | 152 | $569,506 | less than 60 days |
In short, there is barely a 2 month supply of inventory that averages 28 days on the market (ex, Fulton County) before it’s reported under contract in the MLS, so the actual average days on market are much less than that. If the property is priced to sell, property owners are receiving multiple offers the day the property is listed for sale. Also if you’re an Atlanta buyer purchasing property much less than the average sales price, now you can see why every property you’ve called about is already under contract, pending or sold.
As a buyer in the Atlanta market or any market that has low inventory, being ready will help you compete with other active buyers that have their proof of funds in hand to submit a written offer on a property.
Find out what your home is worth.