Is 30240, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30240 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 30240 has remained a Seller's Market.

Key Takeaway

30240 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 30240, GA

How much do homes in 30240, GA cost?

Median Sold Price

$263,650

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,650(+5.5%)

Key Takeaway

Homes in 30240 have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in 30240 was $263,650 in October 2024, up 5.5% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$43.2K
N/A
2 $154.9K$169.9K
+9.7%
3 $226K$250K
+10.6%
4 $369.9K$348.9K
-5.7%
5+ $360K$369.9K
+2.8%

Summary: 30240 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 9.7%, 3 bedroom homes increased by 10.6%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Zip Codes

31833
+16.5%
30230
+13.0%
30240
+5.5%
30241
-5.4%

Housing Supply in 30240, GA

How many homes are available in 30240, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
118122+3.4%

Summary: The 30240 real estate market had 122 homes for sale in October 2024, a 3.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 21
-50.0%
2 106
-40.0%
3 5555
0.0%
4 3643
+19.4%
5+ 1517
+13.3%

Summary: The 30240 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 decreased by 40%, 3 bedroom homes remained the same, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2526+4.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30240, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 30240 in October 2024, up by 4.0% month-over-month. Of the 23 sold homes, 52% were sold under asking, 30% were sold at asking, and 17% were sold over asking.

Days on Market for 30240, GA

How long does it take to sell a home in 30240, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days59 Days+337.6%

Summary: Homes in 30240 had an average of 59 days on market in Oct 2024, up by 337.6% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30240 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 26 homes were sold in 30240; 46% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 20 Days Ago

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