Georgia Real Estate Market May 2022: Forecasts + Trends

Georgia real estate trends (May 2022)

How is the real estate market in Georgia?
🏠 Average home value: $323,991	📈 0.28% home value increase month over month
💰 Median sale price: $391,300	⏳ 41 days on the market
🔑 Homes on the market: 29,937	📆 1.8 months of housing inventory
🏦 30-year mortgage rate: 5.52000%	💵 Average income: 61224
State of the market: A
Georgia’s market remains hot. Homes are selling quickly and, because of low inventory, fetching more than their value.
_{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 8 days slower than the annual average	💰 Homes are selling for $11,221 more than the annual average
💸 Average listing commission: 2.87%	💸 Average buyer's commission: 2.89%

How to sell a home in Georgia

Cost to sell a home in Georgia

Buying a home in Georgia

How much home you can buy with $300,000 in...
🏠 Atlanta: 1,579 sq ft	🏡 Augusta: 2,000 sq ft
🏡 Savannah: 1,571 sq ft	🏠 Macon: #DIV/0! sq ft

Investing in Georgia real estate

Best of Georgia

Each month, we compare locations in Georgia based on different criteria. This month, we're looking at levels of happiness and ranking the best counties in the state.

Happiest Counties in Georgia
1. Forsyth County
2. Cherokee County
3. Fayette County
4. Dawson County
5. Cobb County

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

Worst of Georgia

Each month, we compare locations in Georgia based on a different criteria. This month we're looking at levels of happiness data. These are the counties that ranked the worst in the state.

Least Happy Counties in Georgia
1. Clay County
2. Crisp County
3. Telfair County
4. Mitchell County
5. Wheeler County

Georgia resources

Frequently asked questions about Georgia real estate

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.

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.

Methodology

Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, Bankrate, 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.

Georgia Real Estate Market in 2022: Forecasts + Trends