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 October 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

$265,500

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$22,700(-7.9%)

Key Takeaway

Homes in 30311 have sold for 7.9% less than they did a year ago.

Summary: The median home sold price in 30311 was $265,500 in October 2024, down 7.9% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $65K$70K
+7.7%
2 $165K$175K
+6.1%
3 $287.4K$255K
-11.3%
4 $382.5K$315K
-17.6%
5+ $525K$450K
-14.3%

Summary: 30311 housing prices by bedroom type for October 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 11.3%, 4 bedroom homes decreased by 17.6%, and 5+ bedroom homes decreased by 14.3%.

Median Sold Price Compared To Nearby Zip Codes

30331
-0.9%
30310
-1.6%
30314
-3.2%
30344
-5.2%
30311
-7.9%

Housing Supply in 30311, GA

How many homes are available in 30311, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
204265+29.9%

Summary: The 30311 real estate market had 265 homes for sale in October 2024, a 29.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 3332
-3.0%
3 109132
+21.1%
4 3962
+59.0%
5+ 2339
+69.6%

Summary: The 30311 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 decreased by 3%, 3 bedroom homes increased by 21.1%, 4 bedroom homes increased by 59%, and 5+ bedroom homes increased by 69.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2119-9.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

3 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 30311 in October 2024, down by 9.5% month-over-month. Of the 15 sold homes, 67% were sold under asking, 20% were sold at asking, and 13% 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

Oct 2023Oct 2024CHANGE
40 Days52 Days+29.0%

Summary: Homes in 30311 had an average of 52 days on market in Oct 2024, up by 29% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 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 October 2024, 19 homes were sold in 30311; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% 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 16 Days Ago

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