Home Values in Atlanta: A Seller’s Guide
Wondering what your home is worth in today’s Atlanta market? Whether you’re preparing to sell, looking to cancel PMI, or just curious to learn more about current home values in Atlanta, staying up to date with market trends is key to making well-informed decisions about your next steps.
In this article, we’ll cover recent home price trends in the ATL, explain how to get a precise home value estimate, and provide easy, expert tips to increase your home’s value before listing. We’ll also share handy tools to help you achieve the best price when it comes time to sell your Atlanta home.
Editor’s note: This post is for educational purposes and is not intended to be construed as financial advice. HomeLight always encourages you to consult your own advisor.
Current home values in Atlanta
Since the summer of 2020, the median home value in the Atlanta metro area has surged 46%. In July 2020, the typical home sold for $274,000, compared to $400,000 in July of this year, according to data from the Georgia MLS.
According to a new study by RentCafe mentioned in Atlanta Agent Magazine, “The demand for apartments in Atlanta is fueled by a confluence of factors, including the innovation district surrounding Georgia Tech, the city’s rising prominence as a transportation hub, and sustained population growth.”
“Its skilled workforce, business-friendly environment, cultural attractions, and rising wages further contribute to the city’s economic expansion,” the study continues.
The table below illustrates just how much home prices in the Atlanta metro area have increased over the last five years:
Year
Median home price
Percent change year-over-year
2024 (July)
$400,000
+2.6%
2023
$390,000
+0%
2022
$390,000
+17.4%
2021
$332,335
+21.3%
2020
$274,000
—
Source: Georgia MLS
This trend isn’t limited to the ATL; it’s been happening nationwide over the past four years. According to the S&P CoreLogic Case-Shiller National Home Price Index, house prices across the whole of the United States have climbed 47% since the beginning of 2020.
Because of this sharp increase in prices, homeowners have built substantial equity in their properties, which can be used to finance new properties, make home improvements, pay off debt, or save for retirement. As of early 2024, ICE Mortgage Monitor reported that the average mortgage-holding homeowner holds approximately $299,000 in home equity.
For comparison, the table below shows median sold prices in cities near Atlanta:
City
Median home price
Distance from Atlanta
Carrollton
$275,500
50-65 min (49.8 miles)
Suwanee
$637,900
35-65 min (33.4 miles)
Sugar Hill
$450,800
40-70 min (38 miles)
Duluth
$440,500
35-65 min (27 miles)
Johns Creek
$727,300
35-70 min (27.4 miles)
Buford
$494,700
45-65 min (38.6 miles)
Alpharetta
$705,000
30-60 min (26.4 miles)
Peachtree City
$540,000
35-55 min (31.3 miles)
Decatur
$326,000
15-26 min (6.2 miles)
Milton
$1,018,300
35-70 min (27.8 miles)
Home value averages of multiple public transaction sites
Typical travel times 8 a.m. midweek
Next up, we’ll show you how to estimate your Atlanta home’s value and explore ways to maximize its potential.
