Atlanta Housing Market: House Prices & Trends

Table of Content

• Other Costs to Selling
• United States Median Home Price History
• Don’t hesitate to cut the price after listing
• New Residential Sales
• Methodology on US Historical Home Prices
• Review comparables of recently sold homes

That means it costs sellers at least $26,000 to sell a home priced at $357,810 (the average U.S. home value). The average homes sell for about 3% below list price and go pending in around 34 days. The average homes sell for about 2% below list price and go pending in around 26 days.

The cost could range from $100 to $1,000 or more, depending on the amount of your HOA dues and when you sell. Also referred to as stamp tax, deed stamps, and real property transfer tax, this fee is imposed by your state, city, or county. Ensuring you meet all of the contract requirements and deadlines to close your real estate transaction on time.

Other Costs to Selling

As mentioned earlier, commissions can total 6% of the sale price, depending on how you decide to sell your home. If you opt for a discount broker, you might owe slightly less (4% to 5%), depending on the scope of their services. Buyer concessions, which are the part of the negotiation when buyers ask for a credit or discount on the sale price, typically cost 1% of the sale price, or $2,301 in our scenario. New mechanicals or upgrades can help make your home more appealing to buyers, which can drive more and higher offers. It also allows you full control over who completes and how much you pay for repairs, instead of letting the buyer call the shots with a dollar amount they think will cover future repairs. How much you’re likely to pocket at the closing table is determined primarily by your current equity, outstanding mortgage balance and closing costs.

Factors impacting total cost include the size of your home, the number of rooms cleaned, the level of dirt build-up, and if you require add-on services, like carpet and rug cleaning. Several other expenses could add thousands more to your home sale costs. Advising you on issues that may come up during the sale, like buyer-requested repairs, and what happens with earnest money if a buyer backs out of the contract. Some HOA communities may also charge an HOA transfer fee ($200–$300) to move home ownership records from you to the buyer at closing. Sellers are usually responsible for covering a prorated portion of membership dues at closing.

United States Median Home Price History

Real estate websites can give you a general idea about house prices, but they can’t be counted on for accuracy. Partner Agents have years of experience in their local markets and access to any information you need on local properties. Find a top local agent in your neighborhood today for more information. Real estate websites have limited and frequently incorrect information. Sometimes real estate transactions take a while to update on all websites including government sites. Connect with top-rated agents near you and save thousands on commission fees.

The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive. Local moves of under 100 miles with two movers and one truck usually cost between $80 and $100 per hour, plus an additional $25 or $50 per hour for additional movers. Our fully licensed Concierge Team is here to answer questions and provide free, objective advice on how to get the best outcome with your sale or purchase.

Don’t hesitate to cut the price after listing

This happens during the closing to show that the sale is official. The tax varies by state and is usually a portion of the final sales price. Also, if you’re selling your home relatively soon after buying it, you may want to ask your lender about a prepayment penalty for paying off the loan too quickly. Depending on the purpose of your search, you may want more accurate data, which could result in a small fee at your County Recorder’s office.

Sellers can offer to cover the cost of a home warranty, which ranges anywhere from $350 to $600 a year. Sellers can offer to pay one year of a home warranty to boost buyer confidence in the home. Like a warranty for buying a car or a home appliance, a home warranty is extra assurance that the product is as advertised. If you want to get the most bang for your buck, it might require some repairs to boost the home price. A potential buyer might also request some repairs as part of the price negotiation. Sell your home faster for only 1%, title settlement fees included.

New Residential Sales

These fees are charged by your local government to legally record your deed and other legal documents relating to your home sale. Transfer taxes cost an average of 0.45% nationwide or $1,594 on the average home sale. Reviewing the buyer’s home inspection results, and negotiating repairs with the buyer’s agent.

Read the fine print in your loan documents carefully – the prepayment penalty should be clearly stated. Actual costs depend on the size and number of trucks required, how much your stuff weighs, and if you hire a full-service company or rent a truck. It costs $1,639 to hire professional movers for a short-distance move , according to HomeAdvisor.

Methodology on US Historical Home Prices

If there is a new real estate transaction relating to the property, it’ll pull up if it’s in the system. If you're planning to sell, the Redfin Estimate can give you an idea how much you'll get for your home. If you're house hunting, the Estimate can predict the final sale price for listings you're interested in. Check out the Redfin Estimate for homes in Atlanta, Austin, Raleigh, Rhode Island, or one of our other 80+ markets across the U.S. Check for the past transaction price of the home on websites such as Zillow.com, Trulia.com and Realtor.com.

The deed for the home must be recorded when the home is sold. The deeds are filed according to the address of the property, and they are also often searchable by the name of the property owner. In San Francisco, for example, you can pay a small fee to receive copies of deed records by mail. If you’re selling your home on your own, you can definitely do your own research online and get a good idea of your home’s value. But, don’t be afraid to contact a few real estate agents to request a CMA. They’re used to providing comps to potential clients, and they may not even need to step foot in your home.

Learn why a CMA report is a more accurate home valuation method compared to online home value estimators, and how to get one for free. In some ways, it’s like having a stressful second job – and one that might not end up paying you anything. You can shop around to find a realtor that charges a lower fee, as some realtors are more flexible on price than others. Speak with a tax professional for further guidance on capital gains tax.

Historical US Home Prices: Monthly Median from 1953-2022

Table of Content

• U.S. Housing Market Overview
• Beautiful houseplants that also repel mosquitoes, cockroaches and other pests
• Real Estate Agent Commission
• Zip Code Housing Markets
• View houses in Atlanta that sold recently
• Discover just sold homes & properties®

Many home sellers don’t have the time or experience required to negotiate lower rates with realtors. However, repair credits are more common in a buyer’s market. In a strong seller’s market, many buyers avoid asking for repair credits or waive an inspection altogether. 82% of buyer’s agents said staging made it easier for their buyer clients to visualize the property as a future home, according to a National Association of Realtors report. However, the cost of owner’s title insurance varies widely, from a few hundred to a few thousand dollars.

You’re better off checking more than one real estate website. Most real estate websites have either an address lookup tool or a map that allows you to zoom into neighborhoods. Common websites include Homes.com, Zillow, Trulia, and Realtor.com. There are a variety of research tools you can use, but not all of them are 100% up-to-date or accurate. Find out what research methods are available to you to get the most accurate information on the sales history of a house.

U.S. Housing Market Overview

When you sell a home, the funds will first go to your lender to pay off the remaining balance of your mortgage, and then you can keep whatever is left. However, if your sale’s price does not meet the remaining balance of the mortgage, you will still be required to pay that balance. When buying a house, you might want to know the home’s past value. This information is readily available to potential buyers or anyone else interested in such information. RealtyTrac’s site shows specific counties ’ recently sold homes, not just a house or neighborhood.

Can also indicate whether homes are lingering on the market or being sold faster than sellers are listing them. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Some home buyers – especially first-timers – ask sellers to pay for a home warranty. It’s a one-year service contract that protects buyers against the high cost of unexpected repairs.

Beautiful houseplants that also repel mosquitoes, cockroaches and other pests

Factor in how much it will cost to move out of your home, including things like truck rentals, professional movers, packing materials, storage and temporary housing costs. She has won several national and state awards for uncovering employee discrimination at a government agency, and how the 2008 financial crisis impacted Florida banking and immigration. Before you sell, check with your lender to get a quote of the payoff amount, which includes any accrued interest since the closing date.

You can also save on agent commission by selling for sale by owner , but you may still have to pay 3% to the buyer’s agent. The vast majority of buyers do work with an agent, and offering them a commission makes those agents more likely to show their clients your home. Visit one of the many home sale search sites such as Zillow or Redfin. The real estate website features a searchable database of home values. In addition to prices for homes currently for sale, the database includes more than 2 million listings for homes that have recently sold. You can look up the sale history of a house by checking the public records available at the county recorder of deeds or the tax assessor's office.

Real Estate Agent Commission

The database, though, are usually limited to the last 36 months of home sales. Zillow uses third-party data from the MLS or county, but anything that isn’t publicly reported won’t be available. They’re about as accurate as any other online home price checker since they all scrape from mainly the same data.

Some offices also provide this information through a website. The office may charge a fee if the house is old and the information is difficult to locate. But not having a real estate professional in your corner is risky. For one, FSBO homes sell for up to 26% less than agent-listed homes, according to the National Association of Realtors. You can also choose not to sell with a realtor at all, to avoid paying the listing agent commission entirely. Based on the average home value nationwide, the typical home seller pays $3,861 in closing costs.

In order to trace the history of your house, you need to have an idea of what you’re looking for. If you’re curious about the sold house information, you can rely on the digital tools or in-person resources such as the Court Reporter’s office. To find out previous owners’ names, you can also do so through the Court Reporter’s office to get your investigation started. Redfin uses information from MLS data and public records to get you information on sold homes in an area. All you need to do is enter the location you’re looking to search and then hit more filters before toggling the “sold” information.

Sellers typically pay closing cost fees that add up to more than 1% of the home's sale price. Those costs often include transfer taxes, recording fees, prorated property taxes, HOA transfer fees, and real estate attorney fees. No matter how you sell your home, all sellers pay fees to sell a home, whether they end up coming out of sale proceeds or out of pocket. Seller closing costs include things like transfer taxes , prorated property taxes, prorated utilities, escrow fees and a title insurance policy for the buyer. Overall, these seller closing costs can add up to 2% to 4% of the sale price, depending on where you live and the financial details of your sale.

Zip Code Housing Markets

The information will help them determine how much they will offer on a similar home in the neighborhood that is currently for sale. Once you have located the correct office, walk in during normal business hours and explain what you are looking for. Someone there should be able to assist you in getting started on your search and obtaining the information you need.

HomeAdvisor estimates an average cost of $4,703 for a cross-country move and up to $10,000 for larger homes. If your home is in poor condition and your goal is to sell for top dollar, you’ll probably need to spend more to get it listing ready. The average cost to deep clean a house averages $300 and ranges from $200 to $400 nationwide, according to HomeAdvisor. However, some companies may charge by the hour ($25 to $50) vs. a flat fee. Check with your realtor to see if an attorney is required to handle the closing if it’s worth hiring one, and how much it might cost you. Sellers are often required to pay property taxes due up to the date of closing.

ClimateCheck™ analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies. Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves. Flood risk data is provided by Risk Factor™, a product of the nonprofit First Street Foundation. Risk Factor™ is a peer reviewed scientific model, designed to approximate flood risk and not intended to include all possible risks of flood. Flood risk in Atlanta is increasing slower than the national average.

You might also opt to pay an agent a few hundred dollars to get your listing on the local MLS. According to a Zillow and Thumbtack analysis, the average U.S. homeowner spends $20,871 in extra or “hidden” costs related to selling a home. Your net proceeds can be impacted by many different types of costs, which should be subtracted from the sale price. A lot of costs can add up before you even sell your home, especially as you’re looking for ways to boost the sale’s price and increase how many prospective buyers you get. In some cases, homes are sold through short sales or are sold at reduced prices for other reasons. There are a number of online tools that can help you get sold price information.

View houses in Atlanta that sold recently

Learn why a CMA report is a more accurate home valuation method compared to online home value estimators, and how to get one for free. In some ways, it’s like having a stressful second job – and one that might not end up paying you anything. You can shop around to find a realtor that charges a lower fee, as some realtors are more flexible on price than others. Speak with a tax professional for further guidance on capital gains tax.