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...
Ormewood Park Home Values & Real Estate Report
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... .
Current Homes for Sale in Ormewood Park
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Ormewood Park Homes Sold in 3Q 2017Single family home sales :: 7/01/2017 - 9/30/2017
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
.See previous Ormewood Park Real Estate Market Reports: 2017 Spring Report (2Q) 2016 Full Year Report