Georgia’s real estate market is experiencing a period of moderation, with home prices stabilizing and inventory levels increasing. Here’s a comprehensive overview:
🏡 Home Prices & Sales Activity
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Median Sale Price: In April 2025, the median sale price in Georgia was $383,100, reflecting a 1.9% year-over-year increase.
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Average Home Value: The average home value stood at $336,660, down 0.5% over the past year.
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Homes Sold: Approximately 10,895 homes were sold in April 2025, marking a 7.1% decrease compared to the same month last year.
📦 Inventory & Market Dynamics
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Active Listings: There were 48,830 homes for sale in April 2025, a 13.7% increase year-over-year.
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New Listings: The number of newly listed homes was 13,843 in April 2025.
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Months of Supply: The market had a 4.4-month supply of homes, indicating a shift towards a balanced market.
⏱️ Market Speed & Competitiveness
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Median Days on Market: Homes spent a median of 47 days on the market in April 2025, up from 36 days the previous year.
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Sale-to-List Price Ratio: The average sale price was 98.7% of the list price, indicating some room for negotiation.
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Homes Sold Above List Price: Approximately 18.3% of homes sold above their list price, suggesting a decrease in bidding wars.
🌆 Regional Highlights
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Atlanta Metro: The median sales price remained steady at $407,000 compared to the previous year. However, 68% of homes sold below their original listing price in February 2025, up from 60% the previous year, indicating increased buyer leverage.
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Savannah: More affordable than Atlanta, with a median sale price of around $350,000 as of February 2025.
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Augusta: Remains one of the most affordable areas in Georgia, with a median sale price of $299,000.
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Macon: Homes sell for a median price of $195,000 as of February 2025, a year-over-year increase of 24.6%, indicating rapid appreciation.
🔮 Market Outlook
Georgia’s housing market is expected to continue its trend toward stabilization throughout 2025. While some areas may experience slight price adjustments, the overall market is moving toward a more balanced state, offering opportunities for both buyers and sellers.