Is 30316, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30316 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 30316 was a Seller's Market.

Key Takeaway

30316 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 30316, GA

How much do homes in 30316, GA cost?

Median Sold Price

$442,800

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$6,580(-1.5%)

Key Takeaway

Homes in 30316 have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in 30316 was $442,800 in November 2024, down 1.5% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $308K$312.4K
+1.4%
2 $414K$399K
-3.6%
3 $425K$436.1K
+2.6%
4 $580K$599.8K
+3.4%
5+ $665K$728K
+9.5%

Summary: 30316 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 9.5%.

Median Sold Price Compared To Nearby Zip Codes

30317
+2.3%
30315
0.0%
30312
-0.3%
30316
-1.5%
30307
-6.0%

Housing Supply in 30316, GA

How many homes are available in 30316, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
336363+8.0%

Summary: The 30316 real estate market had 363 homes for sale in November 2024, a 8.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1312
-7.7%
2 5764
+12.3%
3 172185
+7.6%
4 7984
+6.3%
5+ 1518
+20.0%

Summary: The 30316 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 12.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
4945-8.2%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30316, you may be able to get a good deal. 40.9% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in 30316 in November 2024, down by 8.2% month-over-month. Of the 44 sold homes, 41% were sold under asking, 39% were sold at asking, and 20% were sold over asking.

Days on Market for 30316, GA

How long does it take to sell a home in 30316, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
31 Days35 Days+12.3%

Summary: Homes in 30316 had an average of 35 days on market in Nov 2024, up by 12.3% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30316 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 45 homes were sold in 30316; 64% of homes were sold within 30 days, 24% 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 3 Days Ago

Newest Listings in 30316, GA

Nearby Markets to 30316, GA