A Buyer’s Guide to the Atlanta Housing Market
What To Expect
Following a steep decline in 2012, Atlanta’s real estate market has shown continuous growth. In its comprehensive economic report, the Federal Reserve found that the Atlanta market has continually improved over recent months. Home sales have increased with a majority of brokers reporting “sales met” or “sales exceeded.” As new construction thrives and more homes are sold, Atlanta’s future couldn’t look brighter.
Atlanta’s in-town neighborhoods, which are highly desirable and very much sought after, have home prices that are typically higher than that of the rest of the region. A home in Midtown will cost you $800,000 on average, while homes in Morningside are around $850,000. In Ansley Park, the average price of homes here is $1,400,000.
Real Estate Options
A glance at any real estate listing database in Atlanta will reveal that there are plenty of housing options available throughout the city. Price points and property types will vary by neighborhood, and each neighborhood will have its own unique history and set of defining characteristics. This has resulted in a mélange of architectural styles, and the lively mix is one of the main reasons behind the city’s timeless appeal.
In the in-town Atlanta area, you will find an eclectic collection of single-family homes, townhomes, and condos in an equally varied array of neighborhoods. Enjoy the dynamic energy and walkability of the Old Fourth Ward. Come home to the welcoming, small-town feel of Decatur. Step back in time in historic Druid Hills. With so many different homes and communities to choose from, it’s important to find out which ones can accommodate your priorities when it comes to lifestyle.
In-town Atlanta Neighborhoods
Atlanta is home to dozens of flourishing communities and each neighborhood has
its own character.
Close to both Downtown and Midtown, Ansley Park was established in 1904 and is one of Atlanta’s premier neighborhoods, with winding, tree-lined streets, beautiful landscaping, green spaces, and gracious homes. It is listed on the National Register of Historic Places as the Ansley Park Historic District. The Ansley Golf Club is here and the neighborhood is adjacent to Piedmont Park and the Atlanta Botanical Garden. Homes here have a median sales price of $1,400,000.
The county seat of DeKalb County, this city of around 20,000 residents is defined by tree-lined streets, a mix of new and historic homes, a vibrant central business district, and the friendly, welcoming feel of a small town. Also a college town, Decatur is home to Agnes Scott College and is close to Emory University. It is composed of a wide variety of neighborhoods, including Decatur Heights, Glennwood Estates, Oakhurst, and Winnona Park. The median home sales price here is in the high $500,000s.
This is a graceful and serene community with grand homes set in a landscape designed by Frederick Law Olmsted, famous for designing New York’s iconic Central Park. Druid Hills is the perfect address for people who want to come home to peace and quiet after a hard day’s work. The median sales price of houses in Druid Hills is in the mid to high $600,000s.
Midtown is an arts and culture lover’s haven in Atlanta. Located very close to some of the city’s art and culture hotspots, housing options include charming studio apartments that make the perfect nest for urbanites. The median sales price of homes here ranges from the mid $700,000s to $800,000.
Green and leafy, Morningside/Lenox Park features a wealth of beautifully preserved historic homes, including Craftsman bungalows and Tudor Revivals. Originally a streetcar suburb, this is one of the city’s most walkable neighborhoods and has been hosting its own farmer’s market for over a decade. Morningside’s median home sales price is in the $800,000 range.