Is 30220, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30220 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 30220 has remained a Seller's Market.

Key Takeaway

30220 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 30220, GA

How much do homes in 30220, GA cost?

Median Sold Price

$298,500

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$6,500(-2.1%)

Key Takeaway

Homes in 30220 have sold for 2.1% less than they did a year ago.

Summary: The median home sold price in 30220 was $298,500 in October 2024, down 2.1% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $95K$127K
+33.8%
3 $277K$289.9K
+4.7%
4 $389.9K$365K
-6.4%
5+ $339.9K$484.9K
+42.7%

Summary: 30220 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 increased by 33.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 42.7%.

Median Sold Price Compared To Nearby Zip Codes

30230
+13.0%
30263
+2.7%
30259
+2.0%
30251
-1.8%
30220
-2.1%

Housing Supply in 30220, GA

How many homes are available in 30220, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3643+19.4%

Summary: The 30220 real estate market had 43 homes for sale in October 2024, a 19.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 00
0.0%
3 2123
+9.5%
4 914
+55.6%
5+ 45
+25.0%

Summary: The 30220 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
39+200.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30220, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 30220 in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 30220, GA

How long does it take to sell a home in 30220, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
38 Days34 Days-10.3%

Summary: Homes in 30220 had an average of 34 days on market in Oct 2024, down by 10.3% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30220 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 9 homes were sold in 30220; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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 14 Days Ago

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