Ormewood ParkReal Estate Market Update

Atlanta, Georgia 30316 :: 3Q 2016 (July-September)

It's time again for the Ormewood Park real estate market report!  This popular Intown Atlanta neighborhood had some of the biggest price increases last quarter and it's safe to say that it's one of the highest this quarter as well.  Home sales are up from the same time last year and we are also seeing some higher priced homes selling.  See the full Ormewood Park Real Estate Market Update below (it's just a 5 minute read!).... Get the full scoop on the Ormewood Park real estate market in Atlanta, GA 30316.

Overview of the Ormewood Park Real Estate Market

HOMES SOLD

33 Ormewood Park homes sold in 3Q.  That's up 33% from last quarter!

At the time of this post, there are only 8 Ormewood Park homes for sale, so there is a definitely a significant housing shortage.

HOME PRICES IN ORMEWOOD PARK

The average single family home sales price is $356,820.  That is up $38,000 from the same time last year, a whopping 12% increase.

*  Single family home prices ranged from $123,900 to $567,500 last quarter

*  There were quite a few recently renovated homes that sold, but no new construction properties.

HOW QUICKLY ARE HOMES SELLING?

Last quarter, Ormewood Park homes sold on average in 24 days.  That's about 50% faster than the same time last year.  The median # of days to sell a home in this popular Atlanta neighborhood was only 11 days.  That's a more accurate represenation of the current market.

60% of the Ormewood Park homes sold in 2 weeks or LESS!

*** See all the Ormewood Park homes that sold below, including how long it took to sell each one.  Check the DOM or "Days on Market" column.

ARE BUYERS STILL WILLING TO PAY TOP DOLLAR?

Definitely!  The list price to sales price percentage is 97.4%, so buyers are negotiating about 2.6% off the sales price (on average).   The median percentage was 99%.

42% of the homes sold at at 100% or more of the asking price.

 

See the latest Ormewood Park real estate listings in zip code 30316.Featured Ormewood Park Home

This Craftsman bungalow has 3 bedrooms + bonus office/bedroom, 2.5 bathrooms and a rare 2-car garage.  It's much larger than it looks, thanks to the incredible great room addition on the back.  This home is on the corner of Eden and Moreland and is priced in the mid $300s.  If you'd like to schedule a tour, please call us at 404-205-8600.

View more photos of this gem >>

. . What is your home worth in Atlanta and Decatur Georgia? .

Ormewood Park Home Sales in 3Q 2016

7/01/2016 - 9/30/2016 ::  See all the current homes for sale in Ormewood Park
ADDRESS BEDS BATHS LIST  SOLD  DOM
577 Hemlock Cir 5 4 $569,900 $567,500 11
871 Mercer St 3 2.5 $539,900 $532,000 11
617 Hemlock Cir 5 3 $499,999 $499,000 14
976 Emerson Ave 3 2.5 $499,900 $495,000 33
1106 Sanders Ave 3 2 $525,000 $460,000 21
612 Glenwood Pl 5 5.5 $625,000 $450,000 152
813 Essie Ave 3 3 $449,900 $449,900 8
1028 Sanders Ave 3 2.5 $449,900 $449,900 2
946 Emerson Ave 4 2.5 $499,000 $440,000 37
965 Delaware Ave 4 2.5 $435,000 $435,000 64
695 Woodland Ave 4 3 $440,000 $430,550 7
652 Woodland Ave 3 2 $425,000 $425,000 13
1087 Glenwood Ave 3 2 $429,000 $425,000 14
1097 Knott ST 3 2.5 $389,900 $399,000 4
872 Confederate Ave 5 2.5 $385,000 $370,000 27
968 Prospect Ave 3 2 $359,000 $359,000 5
977 Ormewood Terr 3 2 $319,900 $352,000 4
868 Confederate Ave 3 1.5 $339,000 $329,000 5
935 Underwood Ave 3 2 $329,900 $320,500 10
848 Ormewood Terr 3 2 $300,000 $320,000 4
1088 Confederate Ave 2 1 $319,900 $319,900 3
938 Berne St 4 3 $350,000 $307,000 69
934 Ormewood Ave 2 2 $319,000 $305,000 20
955 Ormewood Terr 3 1 $299,000 $287,000 28
905 Moreland Ave 3 2 $299,900 $284,900 18
1142 Delaware Ave 3 2 $275,000 $280,000 5
1066 Confederate Ave 3 1 $285,000 $275,000 25
480 Stovall St 2 2 $249,000 $265,000 1
936 Ormewood Terr 2 1 $239,900 $239,900 6
893 Vera St 3 2 $222,000 $225,000 4
1095 Eden Ave 2 1 $183,800 $195,000 7
1088 Shelby 2 2 $180,000 $160,000 115
1613 Woodland Ave 3 2 $139,900 $123,000 30
The Ormewood Park Atlanta real estate data was extracted from the Atlanta FMLS on November 2, 2016 and interpreted by Kerry Lucasse with the Nest Atlanta team at eXp Realty. All information is deemed reliable but is not warranted, as it is subject to change.  If you would like the complete report of Ormewood home sales (including photos of each home sold), please text or call Kerry at 404-432-1844.   .

Have questions about the Ormewood Park real estate market and current home values?  Call the Nest Atlanta team anytime. We're right in the neighborhood and always here to help!  

Text / call :: 404-432-1844

Or visit us at:  inOrmewoodPark.com

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MORE ABOUT THE ORMEWOOD / EAST ATLANTA AREA 

Highest Price Increases by Atlanta Neighborhood Grant Park Real Estate Market Report 2016 30316 Homes for Sale Ormewood Park Real Estate Guide Featured Listing at 883 Moreland Avenue   .

>>> GET AN ESTIMATE OF YOUR HOME'S CURRENT VALUE