Is 30506, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30506 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 30506 was a Seller's Market.

Key Takeaway

30506 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 30506, GA

How much do homes in 30506, GA cost?

Median Sold Price

$448,332

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$33,165(+8.0%)

Key Takeaway

Homes in 30506 have sold for 8% more than they did a year ago.

Summary: The median home sold price in 30506 was $448,332 in November 2024, up 8% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $289.9K$295K
+1.7%
2 $269.5K$265K
-1.7%
3 $335.3K$363.6K
+8.5%
4 $499.7K$548.3K
+9.7%
5+ $640K$685K
+7.0%

Summary: 30506 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 7%.

Median Sold Price Compared To Nearby Zip Codes

30506
+8.0%
30504
+6.6%
30501
+5.5%
30564
-5.8%

Housing Supply in 30506, GA

How many homes are available in 30506, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
401386-3.7%

Summary: The 30506 real estate market had 386 homes for sale in November 2024, a 3.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1919
0.0%
3 140132
-5.7%
4 131128
-2.3%
5+ 111107
-3.6%

Summary: The 30506 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 5.7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 3.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
7659-22.4%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30506, you may be able to get a good deal. 65.5% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in 30506 in November 2024, down by 22.4% month-over-month. Of the 55 sold homes, 65% were sold under asking, 22% were sold at asking, and 13% were sold over asking.

Days on Market for 30506, GA

How long does it take to sell a home in 30506, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
37 Days49 Days+32.5%

Summary: Homes in 30506 had an average of 49 days on market in Nov 2024, up by 32.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

34 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 30506 has remained consistent over time.

Summary: During November 2024, 59 homes were sold in 30506; 31% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 12% 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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