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East Point GA Housing Market Trends

East Point GA Housing Market Trends

by | Oct 17, 2024 | Blog, East Point

Real Estate Market Trends for East Point, GA. - October, 2024

Hey there, Buyers and Sellers! Let’s dive into the exciting world of East Point GA, real estate metrics and see how they all tie together.

First up, we have the Months Supply of Inventory, which is sitting at 4.51. This tells us how long it would take for all the current homes on the market to be sold at the current rate of sales. A lower number indicates a seller’s market, where demand is high and supply is low.

Next, we have the 12-Month Change in Months of Inventory, which is showing a decrease of -8.52%. This means that the market is becoming even more competitive, with homes selling faster than they were a year ago.

The Median Days Homes are On the Market is 49, which is a relatively short amount of time. This indicates that homes are selling quickly, likely due to high demand and limited inventory.

The List to Sold Price Percentage is at 97.5%, showing that homes are typically selling very close to their listing price. This is good news for sellers, as it suggests that they are getting close to their asking price.

Lastly, the Median Sold Price is $318,375. This gives us an idea of the average East Point, GA price at which homes are selling in the current market.

When we look at all of these metrics together, we can see a clear correlation: the market is hot! With low inventory, high demand, and homes selling quickly and close to their listing price, now is a great time for sellers to list their homes. And for buyers, it’s important to act fast and be prepared to make competitive offers in order to secure your dream home.

So, whether you’re looking to buy or sell, now is the time to make a move in this dynamic real estate market. Happy house hunting!

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Why You Should Love East Point GA: Tri-Cities

Why You Should Love East Point GA: Tri-Cities

by | Dec 4, 2019 | Blog, East Point, GA., Westside Atlanta Real Estate

Founded as a railroad terminus in  1870 by 16 families, East Point is the eastern point of the Atlanta and West Point Railroad and today boasts a population of 38,000+ residents. Stations along the route were located in Fairburn, Palmetto, Powells, Newnan, Grantville, Hogansville, Lagrange LongCane, and West Point GA.  Today it is comprised of Colonial Hills, Conley Hills, Semmes Park, Jefferson Park, River Park, Eagan Park, Meadow Lark Estates, Golden Acres, Savannah Walk, Heritage Park, Frog Hollow, & The Villages of East Point.

East Point is located just south of former Fort McPherson of which 330 acres is now Tyler Perry Studios.  Many young and older professionals alike live, work and play in East Point.   Easy access to Marta and other amenities make this a popular destination in which to live.   It is home to Dick Lane Velodrome  which is bordered by the neighborhoods of Semmes Park to the north and Conley Hills to the south and which is the only velodrome in the world with green space inside the track.  With College Park and Hapeville to the South and Southeast, together they comprise the Tri-Cities area of the SW corridor within Atlanta; located just inside the perimeter (ITP if you haven’t heard that yet, you will).  Based on the housing stock, population density, and the proximity of amenities of the area the feeling of the area is dense suburban.

Cost of Living in East Point GA: Compared to the rest of the country, East Point’s cost of living is 86.4% which is 13.6% lower than the U.S. average and 7% lower than the average for GA. The cost of living is relatively the same for groceries, utilities, and health but is relatively less expensive in regards to housing and median home cost.  With the fast growth of West Midtown and the conversion of neighborhoods such as Grove Park, Mozley Park, West Lake into the new Westside Park area as well as the Venetian Hills and Oakland City areas to the north; the cost of living in East Points housing and median home value seems to be on the rise and more in line with the rest of the Atlanta GA area.

East Point Economy: East Point has experienced a job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 7.6% higher higher than the US average of 33.5%.

You may be familiar with the Little Free Library book-sharing movement across neighborhoods worldwide.    Many residents of East Point have spearheaded these local exchanges via an active Facebook Group, helping to build creativity within their communities.   Be sure to stop by any of these little libraries and donate your old books (they are often in need of children’s books) and take what you need for your own reading pleasure.

Locations of Little Free Libraries in East Point GA. 

Are you a fan of Farmers Markets?   East Point has that too!   In fact the EP is the winner of the first City Agriculture Plan through the Food Well Alliance and the Atlanta Regional Commission!  The local market is located behind the East Point Library at 2757 East Point Street, Downtown Commons Area.     This is where to find your local Farmers, Food Producers (bakeries, coffee), Natural Non-Foods Producers (aroma therapies), and Unique-Handmade Crafts.     Hours of Operation are from 4-7pm in the months of March-November and from 4-6pm in the month of December. The market is closed every January.

East Point Farmers Market

Local Food and Artisans

Make East Point your next home!

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