Is 30311, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30311 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 30311 was a Seller's Market.

Key Takeaway

30311 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 30311, GA

How much do homes in 30311, GA cost?

Median Sold Price

$267,600

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$15,900(-5.6%)

Key Takeaway

Homes in 30311 have sold for 5.6% less than they did a year ago.

Summary: The median home sold price in 30311 was $267,600 in November 2024, down 5.6% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $65K$70K
+7.7%
2 $165K$175K
+6.1%
3 $287.9K$255K
-11.4%
4 $369.9K$319.2K
-13.7%
5+ $525K$470K
-10.5%

Summary: 30311 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes decreased by 11.4%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes decreased by 10.5%.

Median Sold Price Compared To Nearby Zip Codes

30331
-0.6%
30310
-3.2%
30314
-3.3%
30311
-5.6%
30344
-8.9%

Housing Supply in 30311, GA

How many homes are available in 30311, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
220250+13.6%

Summary: The 30311 real estate market had 250 homes for sale in November 2024, a 13.6% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 2430
+25.0%
3 108116
+7.4%
4 5467
+24.1%
5+ 3437
+8.8%

Summary: The 30311 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 increased by 25%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 8.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1927+42.1%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30311, you may be able to get a good deal. 64% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 30311 in November 2024, up by 42.1% month-over-month. Of the 25 sold homes, 64% were sold under asking, 28% were sold at asking, and 8% were sold over asking.

Days on Market for 30311, GA

How long does it take to sell a home in 30311, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
91 Days60 Days-33.9%

Summary: Homes in 30311 had an average of 60 days on market in Nov 2024, down by 33.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30311 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 27 homes were sold in 30311; 41% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 22% 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

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