Atlanta, GA 6 Bedroom Homes for Sale | realtor.com® (2024)

FAQs

How much do homes in Atlanta cost? ›

The median listing home price in Atlanta, GA was $425K in May 2024, trending down -3.2% year-over-year. The median listing home price per square foot was $270. The median home sold price was $362.5K.

Yes. This is the best time to buy a house in Georgia. With the current trend in the GA housing market, you'll find better deals on your dream home during Q2 2024. As per Fannie Mae, mortgage rates may drop more in Q2 of 2024 due to economic changes, inflation, and central bank policy adjustments.

How much does a Real Estate Agent make in Atlanta, Georgia? As of Jun 20, 2024, the average annual pay for a Real Estate Agent in Atlanta is $79,104 a year. Just in case you need a simple salary calculator, that works out to be approximately $38.03 an hour. This is the equivalent of $1,521/week or $6,592/month.

Overall, Atlanta is the hottest of real estate markets and has been for years. This is great for buyers and investors who want rental properties. There's been a huge population growth, which has impacted the city for years.

A new study shows that single adults in Georgia's capital city need to make a salary of more than $100,000 to be comfortable. The annual study, which was published last week by researchers at SmartAsset, used the MIT Living Wage Calculator to examine the nation's 99 largest metropolitan areas.

In a fast-growing housing market like Atlanta, prices skew higher. A 2,000-square-foot house in Georgia costs about $364,868 to buy and around $395,000 to build.

Winter is usually the cheapest time of year to purchase a home. Sellers are often motivated, which automatically translates into an advantage to you. Most people suspend their listings from around Thanksgiving to the New Year because they assume buyers are scarce.

Georgia Housing Market Predictions:

In certain predictions for 2024, a consistent but slower growth in home prices is expected as the market stabilizes. The inventory levels may remain tight, ensuring that demand continues to outstrip supply, particularly in popular areas.

Generally speaking, late spring and summer are the peak real estate season, when there's the most inventory to choose from — but also the most competition, and the highest prices. If affordability is a concern, you're likely to score a better deal during the winter months.

What state pays realtors the most? ›

The highest-paying states for real estate brokers

According to GlassDoor, the top five states with the highest real estate broker salaries are New York, California, Nevada, Iowa, and Arizona. Commissions can vary based on city, market, property type, sales volume, and experience levels.

$57,700 is the 25th percentile. Salaries below this are outliers. $96,200 is the 75th percentile.

Georgia's affordability is attributed to a combination of factors, including a robust job market, a lower cost of living, and the availability of abundant land for housing developments.

And if you're looking to retire in comfort, this fabulous metropolis comes in at a tried and true 4th place in America. It's no wonder Atlanta ranks so high as a retirement destination - with its fantastic perks, like low taxes and top-tier amenities, it's an unbeatable location to spend your golden years.

The cost of living in Atlanta, GA is 10% higher than the state average and 1% lower than the national average. Atlanta, GA housing is 1% cheaper than the U.S average, while utilities are about 19% less pricey.

On average, Zillow said home shoppers need to make more than $106,000 to comfortably afford a home, which is more than an 80% increase since January of 2020. Just for comparison, Zillow said the typical U.S. household earns about $81,000 each year.

The average Georgia home value is $333,614, up 4.6% over the past year and goes to pending in around 19 days.

As of June 2024, the average rent in Atlanta, GA is $1,570 per month. For comparison, the national average rent price in the US is currently $1,518/month, which means Atlanta rent prices are 3% higher than the national average.