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The Inman Park housing market remains highly competitive. Last month, the median home sale price in Inman Park was $635,000, reflecting a 26.6% decrease compared to the previous year. However, the median price per square foot has risen to $438, marking a 14.5% increase year-over-year.
Median Sale Price
Median Sale Price per Sq. Ft.
Total Homes Sold
Median Days on Market
In October 2024, the median home price in Inman Park dropped to $635,000, a significant 26.6% decrease compared to the same period last year. This shift in pricing suggests a cooling in the market, offering potential buyers more opportunities to negotiate. Homes now take an average of 25 days to sell, a noticeable increase from just 9 days in October 2023, indicating a slower pace of sales and possibly less urgency among buyers. Despite the price decline, the number of homes sold rose to 21 this October, up from 17 the previous year, signaling sustained interest in the area. This combination of lower prices and longer market times could make Inman Park an attractive option for buyers looking for value in a competitive market.
The Inman Park housing market remains highly competitive, with homes selling quickly—typically within 16 days. Many properties attract multiple offers, often with waived contingencies to stand out in this fast-paced environment. On average, homes sell for approximately 1% below the listing price, but "hot" homes are in even higher demand, often selling at the listing price and going under contract in as little as 8 days. This dynamic market emphasizes the need for decisive action and strategic offers for buyers aiming to secure a home in the area.
In November 2024, Inman Park continues to exhibit characteristics of a seller's market, indicating that the demand for homes surpasses the available inventory. This imbalance often leads to increased competition among buyers, resulting in quicker sales and potentially higher offers. For prospective buyers, it's crucial to be prepared for a competitive environment, which may involve making swift decisions and presenting strong offers to secure a property in this sought-after neighborhood.
Inman Park offers a unique blend of charm, community, and convenience, making it one of the most desirable neighborhoods in the area. Whether you’re looking for a cozy home with character or a modern property with top amenities, we’re here to help you navigate the competitive market. If you have questions about the latest listings, market trends, or want to schedule a showing, don’t hesitate to reach out. Let’s find your perfect property together!
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Explore everything Inman Park has to offer with our comprehensive neighborhood guide. From its vibrant community and historic homes to trendy dining spots and lush green spaces, this guide is your go-to resource for uncovering what makes Inman Park truly special. Start browsing now and get inspired to find your dream home in this sought-after neighborhood!
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