Atlanta’s Highest Condo Sales for May 2025: Prices Hold Steady Above $1M
Atlanta’s luxury condo market saw steady momentum in May, with ten sales topping $1 million. The month’s highest closing took place at 2828 Peachtree, where Unit 3100 sold for $2.9 million, the only transaction above $2 million – and this wasn’t a penthouse. On the other end of the spectrum, The Brookwood recorded the lowest closing at $1.1 million, yet it achieved a stronger price per square foot than the month’s top sale, highlighting how overall square footage impacts valuations.
Price trends underscored strength in the mid-luxury range. While five homes closed above $1.5 million, only one surpassed the $2 million threshold. The average sale price across all transactions came in around $1.63 million, with an average of nearly $688 per square foot. Two sales closed at 40 West 12th, marking it as the most active building of the month, while other properties from Midtown, Buckhead, and beyond each contributed a single closing.
Days on market revealed a wide spread. The average was just over 32 days, though some residences went under contract immediately while others remained on the market for more than 100 days. This illustrates the importance of positioning and timing, especially in a competitive luxury segment where well-priced listings can attract buyers quickly.
Seller concessions were virtually non-existent in May. Across all sales, the total recorded costs paid by sellers amounted to only $660, signaling firm seller confidence in our current market. Square footage ranged from 1,677 square feet to 5,300 square feet, with the average home sold measuring roughly 2,447 square feet. Buyers were active across both expansive residences and more moderately sized luxury options, reinforcing the diverse appeal of Atlanta’s condo market.
By March’s close, Atlanta’s luxury condo market was already shifting decisively in favor of sellers. Days on market, once languishing at more than three months in January, had dipped steadily to just under three weeks in May. Meanwhile, seller concessions collapsed from an average of $15,700 in January to almost zero last month. May’s swift pace and firm pricing showcase a market where prime listings are now commanding buyer attention quickly and confidently. Since The Dillion has sold out of their developer inventory and closed their sales, we are no longer seeing the longer days-on-market, nor large seller concessions. Just something to consider.
The first quarter set the tone with a mix of volume and spectacle, a whopping 17 million-dollar closings in January included six above $2 million, followed by February’s headline-making $8.7 million penthouse sale. But as spring progressed, the market returned to steady routine: average sale prices lingering around $1.7 million, wider building representation across neighborhoods, and square-foot premiums normalizing from their early-year highs.
While price-per-square-foot echoes the past trends, there’s been a gentle correction: March averaged $720 PSF, April pulled back to $692, and May settled around $688. This modest twist reflects a widening appeal among well-appointed resale and moderately sized units, beyond the flashier new towers, without sacrificing buyer confidence or deal velocity.
Here’s the May 2025 Highest Condo Sales, ordered from Highest to Lowest Sale:
1. 2828 Peachtree Unit #3100, Closed on 05/16/2025 for $2,900,000 ($547.17 PSF) Photo Courtesy of: Keller Williams Realty Consultants
2. 40 West 12th Unit #1903, Closed on 05/30/2025 for $1,925,000 ($929.50 PSF) Photo Courtesy of: Ansley Real Estate | Christie’s International Real Estate
3. Ritz Carlton Residences Unit #2104, Closed on 05/21/2025 for $1,850,000 ($835.59 PSF) Photo Courtesy of: Berkshire Hathaway HomeServices Georgia Properties
4. 40 West 12th Unit #1704, Closed on 05/06/2025 for $1,787,000 ($759.78 PSF) Photo Courtesy of: Engel & Volkers Atlanta
5. Seventh Midtown Unit #602, Closed on 05/05/2025 for $1,660,000 ($612.55 PSF) Photo Courtesy of: Atlanta Fine Homes Sotheby’s International Realty
6. 2500 Peachtree Unit #207S, Closed on 05/21/2025 for $1,350,000 ($624.42 PSF) Photo Courtesy of: Atlanta Fine Homes Sotheby’s International Realty
7. The Dillon Buckhead Unit #508, Closed on 05/23/2025 for $1,300,000 ($767.41 PSF) Photo Courtesy of: Ansley Real Estate | Christie’s International Real Estate
8. Above The Four Seasons Unit #3430, Closed on 05/02/2025 for $1,260,000 ($525.44 PSF)
9. 1010 Midtown Unit #3507, Closed on 05/07/2025 for $1,165,000 ($694.69 PSF) Photo Courtesy of: Berkshire Hathaway HomeServices Georgia Properties
10. The Brookwood Unit #1912, Closed on 05/30/2025 for $1,100,000 ($582.32 PSF) Photo Courtesy of: Atlanta Fine Homes Sotheby’s International Realty
** These results do not include any inventory under contract or active which a developer has not listed in the MLS. Also, it does not include any town home units. **
