Ormewood Park Real Estate Report

Atlanta, GA 30316 | 2019 Full Year Update

It’s time again for the Ormewood Park real estate market update!  While many of the Intown Atlanta neighborhoods experienced a dip in home prices last year, Atlanta’s Ormewood Park neighborhood finished 2019 on a high note.  Many homes are still selling quickly at or close to the asking price and we saw a modest increase in the average sales price.

If you are thinking of buying or selling a home in Ormewood Park, you don’t want to miss this home sales report!

Infographic with the latest Ormewood Park real estate market stats and home values in 2019 and 2020

Overview of the 2019 Ormewood Park Real Estate Market + Home Sales Stats

ORMEWOOD PARK HOMES SALES

80 Ormewood Park homes sold in 2019.  That’s right on par with 2018 when 83 homes sold.

At the time of this post, there are 19 Ormewood Park homes for saleso the inventory levels appear to be rising.  (Translation:  If you are shopping for homes in this hot Atlanta neighborhood, you’ll have more to choose from and may not end up in a bidding war.)

** To view all the recently sold homes in Ormewood Park, scroll down to the bottom of this report.

HOME PRICES

The average single-family home sales price is $429,454.  That is up $28,000 (6.8%) from the previous year.  The median home sales price was $410,500 – up about $20K from the previous year (or 5.2%).

Single-family home prices in Ormewood ranged from $221,000 to $838,000 in 2019.

CLOSING COSTS

Many home sellers are taken aback when the buyer asks that they pay all or part of the closing costs.   This year, the average amount that the homeowners contributed towards buyer closing costs was $4,422.  That’s about $1,000 more than in 2018 and we expect this trend to continue in 2020 and 2021.

HOW QUICKLY ARE HOUSES SELLING?

In 2019 single-family homes sold on average in 35 days.  That’s right on par with last year.

The median # of days to sell a home in this popular Intown Atlanta neighborhood was only 13 days.  That’s a more accurate representation of the current market.

37.5% of the Ormewood Park homes sold in ONE week or less!

ARE BUYERS STILL WILLING TO PAY TOP DOLLAR?

Definitely!  The list price to sales price percentage is 99%, so buyers are only negotiating about 1.0% off the sales price (on average).   

45% of the Ormewood Park homes sold at 100% or more of the asking price.

See what your home is worth in Decatur, Georgia 30030

If you have questions about the Ormewood Park real estate market or are curious about the current value of your charming abode, please don’t hesitate to contact us.  Or neighborhood experts at Urban Nest are always happy to help.

Text / call :: 404-205-8800

Learn more about our flexible commission plan >>

 

Homes Sold in Ormewood Park

1/1/2019 to 12/31/2019 | Single Family Homes

ADDRESS BED BATH LIST SOLD DOM
446 Gift Ave 5 4.5 $849,000 $838,000 4
874 Mercer St 4 3 $775,000 $775,000 4
861 Mercer St 4 3.5 $789,000 $765,000 23
905 Emerson Ave 4 3.5 $699,900 $699,900 148
661 Vernon Ave 5 3 $698,500 $686,000 26
842 Ormewood Terr 4 3.5 $699,900 $640,000 122
1061 Glenwood Ave 4 2.5 $625,000 $610,000 75
878 Ormewood Ave 3 2.5 $550,000 $575,000 3
621 Moreland Ave 4 3 $574,900 $572,000 12
682 Vernon Ave 3 2.5 $575,000 $570,000 5
950 Gilbert St 5 3.5 $600,000 $565,000 91
1050 Mercer St 3 2.5 $520,000 $560,000 4
971 Prospect 3 2 $550,000 $550,000 10
645 Woodland Ave 4 2 $499,900 $526,100 7
481 Hemlock Cir 3 2 $525,000 $525,000 0
1050 Ormewood Ave 3 2 $500,000 $522,500 3
476 Lytle Ave 3 2 $479,900 $510,000 10
1118 Glenwood Ave 3 3.5 $569,300 $505,500 28
809 Essie 3 2 $499,000 $492,000 18
984 Eden Ave 4 2 $529,900 $475,000 102
1094 Loring 3 2 $479,900 $462,400 26
1131 Woodland Ave 4 3 $489,500 $461,500 17
1010 Eden Ave 3 3 $579,900 $455,000 44
1175 Danner 4 3 $500,000 $450,000 144
969 Moreland Ave 4 2.5 $450,000 $449,900 445
917 United Ave 3 2 $439,000 $449,000 60
935 Ormewood Terr 2 2 $499,000 $437,500 27
1255 Danner ST 3 2 $439,900 $435,000 5
860 Gilbert St 3 2 $440,000 $435,000 6
665 Woodland Ave 5 2 $430,000 $435,000 2
961 Mercer St 3 2 $495 $430,000 26
1089 Shelby Pl 3 2.5 $425,000 $425,000 13
645 Moreland Ave 3 2 $425,000 $425,000 110
1091 Faith Ave 3 2 $425,000 $425,000 11
1068 Shelby Pl 3 2.5 $419,000 $419,000 16
992 Prospect 3 3 $406,350 $416,000 8
1400 Knob Hill 4 2.5 $430,000 $415,000 20
989 Alloway 3 1 $389,000 $415,000 1
677 Woodland Ave 3 1 $399,000 $412,000 7
1045 Emerson Ave 3 2 $400,000 $411,000 2
1062 Gilbert St 3 2 $399,900 $410,000 4
921 Walker 3 2 $389,000 $410,000 5
1104 United Ave 3 1 $410,000 $400,000 19
1080 Emerson Ave 5 1.5 $449,900 $395,000 11
1031 United Ave 4 3 $449,000 $395,000 75
581 Glenwood Pl 2 2 $415,000 $393,250 53
1103 Loring St 3 2 $389,000 $391,000 3
905 Moreland Ave 3 2 $400,000 $391,000 5
1094 Knott 4 3 $405,900 $385,000 41
923 Walker Ave 2 2 $379,900 $385,000 3
966 Underwood Ave 4 2 $364,900 $385,000 5
1095 Shelby Pl 4 3.5 $380,000 $380,000 9
933 Ormewood Ave 2 2.5 $375,000 $380,000 3
1074 Faith Ave 3 2 $397,500 $377,000 47
949 Berne St 3 1 $349,900 $369,500 4
1191 Danner 3 2 $375,000 $369,100 82
575 Warwick St 2 1.5 $395,000 $367,000 15
486 Gift Ave 3 2 $364,900 $364,900 0
805 Ormewood Terr 2 1 $364,900 $360,000 14
1215 Woodland Ave 3 2 $360,000 $360,000 3
897 Emerson Ave 2 2 $389,900 $358,000 77
1006 Berne St 2 2 $370,000 $357,000 10
1114 Faith Ave 3 2 $350,000 $355,000 2
931 Moreland Ave 3 2 $339,900 $353,000 4
957 Prospect Ave 2 2 $379,900 $350,000 60
1040 Gilbert St 2 1 $339,900 $339,900 10
978 Ormewood Ave 2 1 $325,000 $329,000 2
486 Lytle 3 2 $350,000 $325,000 13
1043 Eden Ave 2 1 $350,000 $325,000 14
946 Ormewood Ave 2 1 $329,000 $322,000 24
808 Palatine 3 2 $309,900 $315,000 14
1036 Ormewood Ave 2 1 $325,000 $315,000 13
980 Woodland 3 2 $329,000 $304,000 68
1055 Moreland Ave 3 1 $269,900 $269,900 4
461 Glenwood 3 1 $265,000 $260,000 18
1095 Napier St 2 1 $284,900 $255,000 168
502 Stovall 3 1 $265,000 $250,000 27
1015 Woodland Ave 2 1.5 $289,000 $230,000 65
484 Glenwood 2 1 $269,000 $229,500 7
963 Moreland Ave 4 3 $210,000 $221,000 103

Please note:  The 2019 Ormewood Park home sales data was extracted from the Atlanta FMLS on January 16, 2020 and interpreted by Kerry Lucasse with eXp Realty LLC. 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 details and photos of each home sold), please text or call Kerry at 404-432-1844.  

Living room in Ormewood Park Atlanta

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