Zillow.com has reported that Atlanta, Georgia is currently a buyer’s market. Over the past few years, there has been steady growth, which makes it a favorable area for investors. According to Zillow, home values have increased by 4.8% within the past year. Here are some other notable statistics obtained from Zillow regarding the current state of Atlanta’s real estate market.
Fulton (County North)
- The median home value is $409,961.
- Alpharetta home values have gone up 1.5% over the past year.
- Zillow predicts home values will rise 2.4% within 2020.
- There are currently 28 foreclosure listings.
- The median home value is $411,877.
- Roswell home values have gone up 0.9% over the past year.
- Zillow predicts home values will rise 1.8% within 2020.
- There are currently 42 foreclosure listings
Analysis
After finding that there are only 70 foreclosure homes in these two Fulton County North cities, we have concluded that these properties do not remain on the market for very long.
Fulton (County South)
- The median home value is $192,054.
- Fairburn home values have gone up 5.4% over the past year.
- Zillow predicts home values will rise 4.1% within 2020.
- There are currently 135 foreclosure listings.
- The median home value is $132,074.
- Palmetto home values have gone up 2.3% over the past year.
- Zillow predicts home values will rise 2.0% within 2020.
- There are currently 9 foreclosures listings.
- The median home value is $871,072.
- Union City home values have gone up 8.7% over the past year.
- Zillow predicts home values will rise 5.5% within 2020.
- There are currently 46 foreclosure listings.
Analysis
There are significantly more foreclosure listings in Fulton County South compared to Fulton County North.
Fulton North Atlanta & South Atlanta
- 3723 property listings on USHUD.com
- There are currently 4 foreclosure listings on USHUD.com
- 1200 property listings USHUD.com
- There are currently 4 foreclosure listings on USHUD.com
Analysis
There are not very many foreclosure listings in either North or South Atlanta counties.
Additional conclusions on research findings
-Home values have increased in every city on the above lists.
-There are significantly more home listings in Fulton (North Atlanta) compared to Fulton (South Atlanta)
USHUD
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