Is 30047, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30047 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 30047 was a Seller's Market.

Key Takeaway

30047 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 30047, GA

How much do homes in 30047, GA cost?

Median Sold Price

$410,039

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,039(+5.1%)

Key Takeaway

Homes in 30047 have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in 30047 was $410,039 in October 2024, up 5.1% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $130K-
N/A
2 $350K$320K
-8.6%
3 $354.5K$359K
+1.3%
4 $409.3K$425K
+3.8%
5+ $510K$540K
+5.9%

Summary: 30047 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 5.9%.

Median Sold Price Compared To Nearby Zip Codes

30044
+5.6%
30047
+5.1%
30093
+3.2%
30087
+3.2%
30078
0.1%

Housing Supply in 30047, GA

How many homes are available in 30047, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
278320+15.1%

Summary: The 30047 real estate market had 320 homes for sale in October 2024, a 15.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 710
+42.9%
3 92103
+12.0%
4 116131
+12.9%
5+ 6376
+20.6%

Summary: The 30047 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 20.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5352-1.9%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30047, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 52 homes were sold or pending in 30047 in October 2024, down by 1.9% month-over-month. Of the 50 sold homes, 40% were sold under asking, 28% were sold at asking, and 32% were sold over asking.

Days on Market for 30047, GA

How long does it take to sell a home in 30047, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days31 Days+26.4%

Summary: Homes in 30047 had an average of 31 days on market in Oct 2024, up by 26.4% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30047 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 52 homes were sold in 30047; 58% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in 30047, GA

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