Atlanta GA Land & Lots For Sale - 454 Listings | Zillow (2024)

FAQs

Is now a good time to sell a house in Atlanta? ›

Best Time to Sell Your House for a Higher Price

April, May, and June are the best months to sell your house in Atlanta. The median sale price of houses in May 2023, was $441,375, which is expected to rise in 2024. However, cities like Norcross and Brookhaven follow an upward trend throughout the year.

Homes in the Detroit metropolitan area are 40.79% overvalued compared to their long-term pricing trends, according to end of May data from the Top 100 U.S. Housing Markets. Meanwhile, housing premiums in Atlanta are 40.37% overvalued, bringing Atlanta in as the second most overvalued housing market in the country.

Georgia farm real estate values, a measurement of the value of all land and buildings on farms, went from $3,960 per acre in 2022 to $4,350 in 2023, according to the Land Values and Cash Rents report released Aug.

Georgia's affordability is attributed to a combination of factors, including a robust job market, a lower cost of living, and the availability of abundant land for housing developments.

Atlanta Housing Market Trends

In June 2024, Atlanta home prices were up 4.7% compared to last year, selling for a median price of $434K. On average, homes in Atlanta sell after 44 days on the market compared to 28 days last year. There were 645 homes sold in June this year, down from 769 last year.

Here's how each month of the year ranked for the best time to sell a house. The highest-earning months are, in ranking order, May, June, April and March. Just over 18 million purchase transactions took place during this period, according to ATTOM.

In 2024, Atlanta's real estate market is expected to experience the following: Average home values in the metro area are forecasted to see hikes of as much as 6%, mirroring national trends. However, some neighborhoods may see price drops, highlighting the importance of local market conditions, according to Atlantafi.

Sale-to-list price ratio: 94.77% Atlanta, GA is a buyer's market in June 2024, which means that the supply of homes is greater than the demand for homes.

Overall, Atlanta is the hottest of real estate markets and has been for years. This is great for buyers and investors who want rental properties.

For small investors to truly enjoy the more traditional sense of land ownership, perhaps the best options are timber farms, mineral development lands, vegetable gardens, orchards, vineyards, and recreational land.

Is it good to buy land in Georgia? ›

Lower Property Tax burden

Property taxes take a big bite out of returns. But Georgia's property tax rates are lower than most states. In addition, Georgia does not tax retirement income. The state's comparatively low taxes help land investors realize larger profits.

Land ownership can be a great investment as long as you enter the deal with an awareness of all of the risks and pitfalls involved. By conducting careful research, investors can take advantage of low property prices and purchase land that will be worth much more down the road.

It is usually cheaper to buy a home than build a new one. However, by building your own home you get a brand-new residence, customized to your needs. It costs $273,860 on average to build a home in Georgia. This figure can add up to $423,860 if you include land costs, excavations, permits, and other expenses.

The Bottom Line

However, if you want to shift to in Peach State, you can find affordable housing in Georgia cities like Americus, Macon, and Columbus. Cities like Savannah and Athens have a slightly expensive cost of living but provide better job opportunities.

Georgia Housing Market Overview

Despite being a sellers' market like most of the country, Georgia is actually more balanced than many other states. It took 33 days on average for a home to sell, which is right around the national average. The market also has the fifth highest housing inventory in the country.

Timing is crucial in real estate, and listing your home during the wrong month can impact a home's sale prices and the time it takes to close. Studies show that spring and summer are the best time to sell, for example, while the months of October and December are the worst.

In 2024, Atlanta's real estate market is expected to experience the following: Average home values in the metro area are forecasted to see hikes of as much as 6%, mirroring national trends. However, some neighborhoods may see price drops, highlighting the importance of local market conditions, according to Atlantafi.