Ormewood Park Real Estate Market Report

3Q 2017 (July-September) 

It's time again for the Ormewood Park Real Estate & Home Values Report!  This popular East Atlanta neighborhood had a slow down in the number of homes sold and the time it took to sell a home, but Ormewood experienced another BIG increase in the average home sales price. Check out the latest market update below and see if this is a good time to sell or buy a home in Ormewood. Enjoy...

Infographic with all the Ormewood Park real estate and home sales stats

Ormewood Park Home Values & Real Estate Report

HOMES SOLD

22 homes sold in Ormewood Park in the third quarter of 2017.  Compared to the same time last year, that's about 33% less.

At the time of this report, there are only 9 Ormewood Park homes for sale, so there is a definitely a shortage of available inventory.

ORMEWOOD PARK HOME PRICES 

The average single family home sales price is $403,250.  That is up an astounding $46,000 from the same time last year -- a 13% increase year over year!

  • Single family home prices ranged from $217,500 to $684,000 in 3Q 2017
  • The median sales price in Ormewood was $406,250

HOW QUICKLY ARE HOMES SELLING?

Last quarter, Ormewood Park homes sold on average in 40 days.  That's almost 2 weeks longer than the same time last year.  The median # of days to sell a home in this popular Atlanta neighborhood was only 27 days.  That's 16 days more than last year and is most likely a more accurate representation of the current Ormewood Park real estate market.

31% 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.  The last column is called "DOM" and that stands for "Days on the Market".  

ARE BUYERS STILL WILLING TO PAY TOP DOLLAR?

Definitely!  The list price to sales price percentage is 96%, so buyers are negotiating about 4% off the sales price (on average).

23% of the homes sold at at 100% or more of the asking price..

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

Current Homes for Sale in Ormewood Park

4
Beds
3
Baths
2,455
SqFt
 
 
#5915745 | Single Family Home
5
Beds
3 | 1
Baths
3,672
SqFt
 
 
#5913079 | Single Family Home
3
Beds
2 | 1
Baths
2,196
SqFt
 
 
#5940160 | Single Family Home
3
Beds
2 | 1
Baths
2,648
SqFt
 
 
#5922377 | Single Family Home
4
Beds
2 | 1
Baths
2,032
SqFt
 
 
#5900087 | Single Family Home
4
Beds
3
Baths
1,248
SqFt
 
 
#5890269 | Single Family Home
3
Beds
2
Baths
N/A
SqFt
 
 
#5921210 | Single Family Home
3
Beds
2 | 1
Baths
1,586
SqFt
 
 
#5933679 | Single Family Home
3
Beds
2
Baths
1,539
SqFt
 
 
#5934868 | Single Family Home

Ormewood Park Homes Sold in 3Q 2017

Single family home sales :: 7/01/2017 - 9/30/2017
ADDRESS BEDS BATHS LIST SOLD DOM
950 Prospect Ave 5 4.5 $719,900 $684,000 147
932 Emerson Ave 4 3.5 $650,000 $650,000 12
1025 Delaware Ave 4 3 $550,000 $535,000 9
901 Ormewood Ave 4 4 $514,999 $500,000 193
1070 Eden Ave 3 2 $469,900 $475,500 23
1060 Emerson Ave 3 2 $449,000 $447,000 32
1086 Napier St 3 2.5 $449,900 $445,000 55
967 Berne St 3 2 $429,000 $441,000 5
1021 Ormewood Ave 3 2.5 $450,000 $440,000 21
420 Florida Ave 3 2 $425,000 $415,000 57
1140 Ormewood Ave 3 2 $415,000 $407,500 30
866 Vera St 4 2 $400,000 $405,000 46
423 Florida Ave 3 2 $380,000 $380,000 37
897 Emerson Ave 2 2 $364,900 $360,000 57
877 Confederate Ave 3 1.5 $350,000 $355,000 3
1278 Danner St 2 2 $325,000 $320,000 11
891 Eden Ave 2 1 $289,900 $308,000 12
678 Vernon Ave 2 1 $295,000 $298,000 22
1081 Moreland Ave 3 2 $299,900 $286,000 42
1260 Danner St 2 1 $250,000 $255,000 13
925 Gilbert St 2 1 $240,000 $247,000 23
1052 Sanders Ave 2 1 $235,000 $217,500 31
The Ormewood Park home sales data was extracted from the Atlanta FMLS on October 21, 2017 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.  

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Ormewood park home values and real estate trends in 2017 and 2018

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

Text / call :: 404-205-8800

Or visit us at:  inOrmewoodPark.com

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See previous Ormewood Park Real Estate Market Reports:

2017 Spring Report (2Q)

2016 Full Year Report

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