Is 30248, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30248 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 30248 was a Seller's Market.

Key Takeaway

30248 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 30248, GA

How much do homes in 30248, GA cost?

Median Sold Price

$350,026

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$846(+0.2%)

Key Takeaway

The sold price of homes in 30248 has remained the same since last year.

Summary: The median home sold price in 30248 was $350,026 in November 2024, up 0.2% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $172.5K$150K
-13.1%
3 $275K$280K
+1.8%
4 $366.5K$359.9K
-1.8%
5+ $489.9K$427K
-12.8%

Summary: 30248 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.1%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 12.8%.

Median Sold Price Compared To Nearby Zip Codes

30252
0.5%
30248
0.2%
30233
0.2%
30253
0.0%

Housing Supply in 30248, GA

How many homes are available in 30248, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
261287+10.0%

Summary: The 30248 real estate market had 287 homes for sale in November 2024, a 10.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 55
0.0%
3 8987
-2.2%
4 99113
+14.1%
5+ 6882
+20.6%

Summary: The 30248 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 20.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4041+2.5%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30248, you may be able to get a good deal. 52.8% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in 30248 in November 2024, up by 2.5% month-over-month. Of the 36 sold homes, 53% were sold under asking, 33% were sold at asking, and 14% were sold over asking.

Days on Market for 30248, GA

How long does it take to sell a home in 30248, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
54 Days52 Days-2.9%

Summary: Homes in 30248 had an average of 52 days on market in Nov 2024, down by 2.9% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30248 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 41 homes were sold in 30248; 46% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% 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 30248, GA

Nearby Markets to 30248, GA