2018 Grant Park Real Estate Market Report

Atlanta, Georgia 30312

It was another stellar year from the Grant Park real estate market!  While we didn't have quite as many home sales and listings took a teeny bit longer to sell, we still saw in impressive increase in home values in 2018.   Check out the latest market update below and see if this is a good time to sell or buy a home in this charming Intown Atlanta neighborhood. Enjoy!

INFOGRAPHIC with Atlanta's Grant Park real estate market stats and home values for 2018.  

Overview of the 2018 Grant Park Real Estate Market 

HOME SALES

76 homes sold in Grant Park in 2018.  This was down by about 10% from the previous two years, most likely due to fewer homes on the market... and a dwindling number of homes that are under $500K.  At the time of this report, there are 15 homes for sale in Grant Park and only THREE are under $500,000.

See all the recently sold homes in Grant Park at the bottom of this report...

GRANT PARK HOME PRICES 

The average single-family home sales price is $514,205.  That is up  $51,500 from 2016 -- an impressive 11% increase in Grant Park home prices year over year!

* Single-family home prices ranged from $310,000 to $870,000 in 2018

* The median sales price was $495,000 (up $23K from the previous year)

* Almost 10% of the homes sold in Grant Park were new construction

CLOSING COSTS

One popular question we receive from our Atlanta home sellers is "Will buyers ask us to pay all or part of their closing costs?" The answer is... sometimes.

Typically, buyer closing costs are 3% to 4% of the purchase price.  With an average sales price of $514K in Grant Park, that means the buyer will need $15,000 to $20,000 -- in addition to their downpayment,  Because the real estate market is SO competitive right now with multiple offers and bidding wars, buyers don't typically ask for the seller to pay for all or any of the closing costs.... but that could change in the years to come. In 2018, sellers contributed $4,307 on average toward buyer closing costs.

HOW QUICKLY ARE HOMES SELLING?

in 2018, Grant Park Homes sold in an average of 26 days -- 4 days faster than in 2017.  The median # of days to sell a home in this popular Atlanta neighborhood was only 13 days is most likely a more accurate representation of the current Grant Park real estate market.

An impressive 39% of the homes sold in ONE WEEK or less!

*** Scroll to the bottom of this report to see all the Grant Park home sales, including how long it took to sell each listing.  The last column is called "DOM" and that stands for "Days on the Market".  

ARE BUYERS STILL WILLING TO PAY TOP DOLLAR?

Absolutely!  The median list price to sales price percentage is 98.3%, so buyers are negotiating a little less than 2% off the sales price (on average).

To put this in perspective, if your home was listed at $500,000, it will sell for about $491,500 on average.  Knowing this, we highly recommend that you don't "pad" your home's listing price, as a fairly priced home will often generate multiple offers and sell at or over the asking price.

In 2018, 43% of the homes in Grant Park sold at 100% or more of the asking price.

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Current Homes for Sale in Grant Park Atlanta


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Grant Park Homes Sold in 2018

Single family home sales :: January 1, 2018 to December 31, 2018
ADDRESS BED BATH LIST SOLD TDOM
742 Mercer St 5 4 $874,900 $870,000 9
732 Mercer St 5 4 $839,900 $839,900 10
712 Mercer St 5 4 $839,900 $835,000 26
728 Mercer St 4 3 $819,900 $819,900 7
718 Mercer St 4 3 $799,900 $819,900 159
722 Mercer St 4 3 $819,900 $819,900 65
513 Oakland Ave 5 4 $824,000 $815,000 38
738 Mercer St 4 3 $799,900 $811,800 66
347 Park Ave 4 3 $769,900 $750,000 2
441 Park Ave 5 3 $750,000 $750,000 0
428 Woodward Ave 4 3.5 $799,000 $720,000 78
550 Boulevard 4 2.5 $654,900 $687,000 4
626 Boulevard 4 3 $680,000 $660,000 20
450 Loomis Ave 3 2 $650,000 $650,000 4
942 Boulevard 3 2.5 $650,000 $640,000 17
772 Boulevard 4 3.5 $655,900 $615,000 50
465 Bryan St 4 3.5 $599,000 $595,000 18
395 Sydney St 4 2 $589,000 $580,000 13
532 Hill St 3 2.5 $560,000 $575,000 2
375 Glenwood Ave 4 3 $634,900 $575,000 46
976 Gress Ave 4 3.5 $569,900 $569,900 7
767 Lynwood 5 4.5 $575,000 $567,800 12
481 Oakland Ave 3 3 $560,000 $565,100 6
669 Berne St 4 3 $575,000 $555,000 26
623 Rosalia St 3 2 $525,000 $534,500 4
411 Glenwood Ave 3 2 $545,000 $534,000 5
719 Ormewood 3 2 $525,000 $528,000 26
676 Home Ave 4 3 $525,000 $527,000 5
466 Sydney St 3 2 $525,000 $525,000 9
763 Rosedale Ave 3 3 $549,000 $518,000 18
507 Boulevard SE 3 2 $549,000 $513,500 63
543 Grant St 3 2 $525,000 $510,000 13
539 Grant St 3 2 $550,000 $500,000 76
455 Grant St 4 3 $539,900 $500,000 37
707 Hansell 3 2 $515,000 $500,000 5
252 Sydney St 3 2 $525,000 $500,000 22
651 Mcdonald St 3 2 $499,900 $495,000 21
521 Bryan St 4 3 $499,900 $495,000 10
316 Cameron St 4 3.5 $550,000 $494,700 62
500 Waldo St 3 3 $489,900 $489,900 7
635 Cameron 3 2 $475,000 $475,000 2
696 Delmar Ave 3 2 $450,000 $475,000 7
609 Mead St 3 2.5 $500,000 $473,000 86
696 Berne St 3 2 $450,000 $465,000 5
233 Georgia Ave 4 2.5 $469,000 $465,000 1
695 Woodward Ave 4 1 $455,000 $455,000 7
707 Confederate Ave 3 3.5 $465,000 $450,000 42
592 Waldo St 2 2 $425,000 $436,000 5
350 Woodward 2 2 $425,000 $435,000 3
432 Oakland Ave 3 3 $425,000 $430,000 4
470 Kelly St 3 2 $425,000 $427,000 11
980 Boulevard SE 2 2 $425,000 $425,000 18
775 Rosedale 2 2 $400,000 $412,000 4
485 Glenwood Ave 3 2 $435,000 $410,000 61
648 Glenwood Ave 2 2 $435,000 $409,000 67
232 Clarke 3 2.5 $429,900 $400,000 32
300 Glenwood Ave 3 2.5 $415,000 $399,000 16
328 Sydney St 2 2 $400,000 $396,600 2
653 Killian St 3 3 $419,000 $390,000 119
757 Rosedale Ave 2 2 $389,900 $389,900 7
580 Hill St 3 3 $450,000 $389,000 64
889 City Park Dr 3 2 $400,000 $385,000 60
747 Confederate Ave 2 2 $359,000 $378,000 14
856 Rosedale Ave 3 2 $375,000 $370,000 6
710 Hamilton Ave 3 2 $379,900 $365,999 87
463 Hill St 3 2 $365,000 $365,000 4
514 Connally St 3 2 $369,900 $364,000 5
645 Ormewood Ave 3 2.5 $325,000 $352,000 9
535 Connally St 3 2.5 $344,900 $340,300 8
615 Delmar Ave 3 2.5 $359,900 $340,000 52
318 Glenwood Ave 2 2 $325,000 $335,000 9
634 Delmar Ave 4 2 $390,000 $335,000 5
495 Kelly St 2 1 $334,000 $334,000 0
330 Glenwood Ave 2 2 $324,900 $332,000 18
330 Grant St 2 2.5 $325,000 $316,000 20
649 Mcdonald St 2 2 $315,000 $310,000 36

The Grant Park real estate market and home sales data was extracted from the Atlanta Georgia FMLS on January 26, 2018 and interpreted by Kerry Lucasse with the Urban Nest Atlanta Real Estate Group 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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Photo of a recently sold home in Grant Park Atlanta. Highlighting the Grant Park real estate market stats for 2018.

Have questions about Grant Park Park real estate market and current trends?

Call the Nest Atlanta team anytime at 404-205-8600.  

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