2016 Real Estate Market Report for Brookhaven GA

By
Real Estate Agent with eXp Realty - Nest Atlanta Team

2016 Real Estate Market Update for Brookhaven GA 

It was another record-breaking year for real estate in Brookhaven's 30319 zip code! Get the full scoop on home sales, rising values and current Brookhaven real estate trends below.  

Real estate market in Brookhaven GA

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BROOKHAVEN HOME SALES

Last year a total of 570 homes sold in the 30319 zip code.  This up 4.0% from 2015 when 545 homes sold in Brookhaven 30319.

2016 HOME PRICES

We saw another modest, but  the average home sales price in 2016 – up $43,000 from the previous year!  In 2016, the average single family home sales price was $666,384, which is 6.9% higher than last year’s average of $623,000.  If we compare today’s average sales price to the bottom of the market (2011), Brookhaven homes are selling for $200,000 MORE on average.

  • Also in 2016, the median sales price was $590,000 (a whopping $40K higher than the previous year)
  • 30319 home prices ranged from $222,000 to $3,481,000
  • It was a record breaking year for home prices!  A home on Club Drive was the highest sale in Brookhaven history at $3.48 million!  At the bottom of this article, you will find the most expensive homes sold in Brookhaven.  The top communities were Historic Brookhaven, Oglethorpe Estates, Brittany and Estates at Oglethorpe.

ARE BUYERS STILL PAYING TOP DOLLAR? 

Without a doubt! Multiple offers are still quite common, especially for Brookhaven homes under $850K.  Home buyers aren’t afraid to offer full price or over the asking price if necessary.  On average, homes in the 30319 zip code homes sold at 97.0% of the asking price, but about 24% sold at or OVER the asking price!

HOW FAST ARE HOMES SELLING?

The average time a listing was on the market was 42 days, but the median was only 23 days on market.  If you are thinking of selling your Brookhaven 30319 home and it is priced at fair market value, you should expect to see multiple offers and sell within the first one to three weeks. For luxury homes over a million, it may take a bit more time, as the demand isn’t quite as strong.

36% of the Brookhaven homes sold in 2 weeks or less!

What is your home worth in Atlanta and Decatur Georgia?

This Brookhaven real estate market update was created by Kerry Lucasse with the Nest Atlanta Real Estate Group. If you have questions or want to learn more about life in Brookhaven, please call us anytime at 404-205-8800.  We're always here to help!

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Kerry Lucasse  ::  eXp Realty ::  Nest Atlanta Real Estate Group

Call anytime @ 404.432.1844

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In & Around Atlanta Real Estate Blog - Copyright 2006 - 2014 by Kerry Lucasse and the Nest Atlanta team with eXp Realty Atlanta.  All information contained in this blog is deemed to be reliable but not guaranteed.   If you need assistance with Intown Atlanta real estate, Kerry Lucasse and the Nest Atlanta Real Estate Group are always available to assist you with your residential real estate needs!

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