QUICK SUMMARY
Atlanta's real estate market sees rising prices, with a median home sale price of $435,000 in June 2024, up 4.8% from the previous year. The city attracts young professionals due to its diverse economy and vibrant job market.
Atlanta's real estate market is on the rise, with the median home sale price hitting $435,000 in June 2024, reflecting a 4.8% increase from the previous year. The city, recognized as the economic capital of the Southeast, has a diverse economy supported by key industries such as technology, healthcare, and logistics. Young professionals are flocking to Atlanta for its vibrant job market and cultural offerings, which has led to a competitive real estate landscape. Homes are selling quickly, averaging just 44 days on the market, despite a low housing inventory. The population has grown by over 19% since 2010, further driving demand for housing. Investors are increasingly looking towards rental properties in Columbus, GA, where prices range from $135,000 to $165,000, offering better cash flow opportunities compared to Atlanta proper.