Georgia Real Estate Market in 2022: Forecasts + Trends

Clever Real Estate

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Clever Real Estate

May 1st, 2022
Updated May 1st, 2022

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Georgia real estate trends

Real estate trends in Georgia | Sellers | Buyers | Investors | The best and worst of Georgia | Georgia resources

Georgia real estate trends (May 2022)

How is the real estate market in Georgia?
🏠 Average home value: $306,113
📈 1.91% home value increase month over month
💰 Median sale price: $345,000
⏳ 40 days on the market
🔑 Homes on the market: 19,967
📆 0.6 months of housing inventory
🏦 30-year mortgage rate: 3.09%
💵 Average income: $55,660
State of the market: A
Georgia is just peachy for sellers. Despite rising listing prices and home values, because of very low inventory, homes are selling soon after they hit the market.
*Data last updated May 2022

From lush forests to sprawling cities, Georgia offers a mix of rural and urban settings with a Southern charm.

The Peach State is obviously famous for its abundant peaches — as well as peanuts and sweet Vidalia onions. The state's subtropical climate provides hot, sunny summers and mild winters that support its unique agriculture.

Georgia is also home to major corporations including Coca-Cola and Delta Airlines. Its major cities include Atlanta, Savannah, Columbus, and Athens, among others.

If you're thinking of buying or selling in Georgia, these Georgia housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Georgia

Georgia real estate market forecast for sellers
⏰ Homes are selling 5 days faster than the annual average
💰 Homes are selling for $10,796 more than the annual average
💸 Average listing commission: 2.90%
💸 Average buyer's commission: 2.90%

How to sell a home in Georgia

Cost to sell a home in Georgia

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Buying a home in Georgia

How much home you can buy with $300,000 in...
🏠 Atlanta: 1,587 sq ft
🏡 Augusta: 2,143 sq ft
🏡 Savannah: 1,648 sq ft
🏠 Macon: 2,970 sq ft

Investing in Georgia real estate

Best of Georgia

Each month, we compare cities in Georgia based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Georgia
1. Dublin
2. Macon-Bibb County
3. Dalton
4. Warner Robins
5. Rome

Ready to buy a home in Georgia? Eligible buyers get cash back with Clever!

Worst of Georgia

Each month, we compare cities in Georgia based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Georgia
1. Savannah
2. Gainesville
3. Atlanta-Sandy Springs-Alpharetta
4. Jefferson
5. Columbus

Georgia resources

👋 Next Steps: Talk to an expert!

If you're weighing your options for buying or selling a house, Clever can help!

Our fully-licensed concierge team is standing by to answer questions and provide free, objective advice on getting the best outcome with your sale or purchase.

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Give us a call at 1-833-2-CLEVER or enter your info below. Our concierge team will be in touch shortly to help.

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Frequently asked questions about Georgia real estate

Yes, Georgia is a good state to invest in real estate, especially in bigger cities with a higher population — like the Atlanta metro area. However, to ensure that your real estate investment is worth the money, you will need an in-depth knowledge of the market, like which neighborhoods to buy in and what kind of properties to purchase. Read our guide on real estate investing to learn more.

It's currently not the best time to buy a house in Georgia. Listing prices are exceedingly high at the moment, and there aren’t many options in the market to choose from. If you’re determined to buy a house in the state, then you will need the help of a top real estate agent to navigate the market and get you a good deal.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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