Is 30318, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30318 is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 30318 was a Seller's Market.

Key Takeaway

30318 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 30318, GA

How much do homes in 30318, GA cost?

Median Sold Price

$422,194

$257/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$155(0%)

Key Takeaway

The sold price of homes in 30318 has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $185.7K$199.9K
+7.6%
2 $373.2K$380.7K
+2.0%
3 $398.8K$402K
+0.8%
4 $573K$595K
+3.8%
5+ $631K$624.5K
-1.0%

Summary: 30318 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 1%.

Median Sold Price Compared To Nearby Zip Codes

30363
+8.9%
30309
+2.5%
30318
0%
30314
-1.7%

Housing Supply in 30318, GA

How many homes are available in 30318, GA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
460475+3.3%

Summary: The 30318 real estate market had 475 homes for sale in December 2024, a 3.3% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 1720
+17.6%
2 7272
0.0%
3 242247
+2.1%
4 8589
+4.7%
5+ 4447
+6.8%

Summary: The 30318 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.6%, 2 bedroom homes remained the same, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 6.8%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
5057+14.0%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30318, you may be able to get a good deal. 59.6% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in 30318 in December 2024, up by 14.0% month-over-month. Of the 52 sold homes, 60% were sold under asking, 23% were sold at asking, and 17% were sold over asking.

Days on Market for 30318, GA

How long does it take to sell a home in 30318, GA?

Average Sale Time

Dec 2023Dec 2024CHANGE
31 Days43 Days+38.0%

Summary: Homes in 30318 had an average of 43 days on market in Dec 2024, up by 38% compared to last year.

Breakdown of Home Sale Times

29 Homes Were Sold
Under 30 Days

22 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30318 are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 57 homes were sold in 30318; 51% of homes were sold within 30 days, 39% 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

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