📊 Atlanta Metro Real Estate Market Outlook: 2024 Recap & 2025 Projections 🌆

2024 Market Recap

The greater metro Atlanta real estate market saw modest growth in 2024, with home prices rising by 4.9% year-over-year, bringing the median home price to $420,000. Homes remained on the market for an average of 57 days, reflecting a more balanced environment compared to the intense competition of previous years.

2025 Market Forecast: A More Dynamic Year Ahead

Industry experts anticipate stronger market activity in 2025, with notable growth across home prices, sales volume, and mortgage rate adjustments.

 1. Home Prices

Realtor.com forecasts a 10% increase in home prices across the Atlanta metro area, positioning the market for significant appreciation.

 2. Home Sales

National Perspective: According to the National Association of Realtors (NAR), home sales nationwide will increase by approximately 10%, underscoring Atlanta's strength as a top-performing market.

• Atlanta area home sales are expected to rise by 15%, signaling increased inventory and market movement.

• Realtor.com projects a 15.1% year-over-year growth in existing home sales for the Atlanta area.

3. Mortgage Rates

The Mortgage Bankers Association forecasts that 30-year fixed mortgage rates will average 6.3% by Q4 2025, a slight dip from the 6.6% expected at the end of 2024.

• Realtor.com anticipates rates will hover around 6.3% for much of early 2025, with a minor decline in later months. However, rates are unlikely to drop to the levels that many buyers had hoped for.

Atlanta Metro Real Estate Highlights

Top Housing Market Rankings

• Alpharetta & Sandy Springs ranked 9 in Realtor.com's Top 10 Housing Markets for 2025.  Source: Fox Business:  https://www.foxbusiness.com/economy/top-housing-markets-2025-revealed-new-forecast

• Atlanta ranked 14 in Realtor.com's Top 25 Cities Where Home Prices Are Set to Soar, further cementing its place as a key market in the Sunbelt region.  Source: Realtor.com:  https://www.realtor.com/news/trends/top-housing-markets-2025/

• National Outlook: NAR’s Chief Economist, Lawrence Yun, predicts a 9% increase in home sales for 2025 and 13% in 2026. Source: NAR: https://www.nar.realtor/newsroom/nar-chief-economist-lawrence-yun-forecasts-9-percent-increase-in-home-sales-for-2025-and-13-percent-for-2026

Local Market Trends: Northside Atlanta

Northside cities continue to experience strong appreciation, with notable price increases in several key areas:

City Avg.            Sales Price      Annual Price Increase

Norcross            $375,614 +4.1%                  

Smyrna               $516,480 +6.1%                  

Woodstock      $524,978 +7.5%                  

Marietta              $556,879 +6.7%                  

Duluth                 $607,440 +12.3%              

Cumming          $657,238 +7.6%                  

Roswell               $731,994 +11.0%              

Sandy Springs $820,250 +9.2%                  

Alpharetta         $827,380 +8.1%                  

Johns Creek $914,876 +11.0%             

📌 *Data includes all property types (SFH, condos, and multi-family) in the greater Atlanta metro area based on a 12-month rolling average as of November 2024  Source: InfoSparks/FMLS

Conclusion: What to Expect in 2025

The metro Atlanta real estate market is set for strong growth, with:

✅ Home prices projected to increase by 10% or more 

✅ Sales volume rising by 15%, signaling a more active market 

✅ Mortgage rates remaining in the 6% range, slightly lower than 2024 

On the northside, cities such as Duluth, Roswell, and Johns Creek continue to see double-digit price appreciation, highlighting the strong demand in these areas.

Overall, 2025 is shaping up to be a more dynamic year, following the modest gains of 2024. With Atlanta ranking among the top-performing markets in the nation, buyers and sellers alike should prepare for an active year ahead.

Tom Andre

For the full article, click here: https://garealtor.com/recap-georgia-housing-market-in-2024/