Is 30507, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30507 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 30507 has remained a Seller's Market.

Key Takeaway

30507 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 30507, GA

How much do homes in 30507, GA cost?

Median Sold Price

$325,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,000(-0.9%)

Key Takeaway

Homes in 30507 have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in 30507 was $325,000 in October 2024, down 0.9% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $189K$200K
+5.8%
3 $314.9K$299.5K
-4.9%
4 $372.5K$388K
+4.2%
5+ $490K$380K
-22.4%

Summary: 30507 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 22.4%.

Median Sold Price Compared To Nearby Zip Codes

30504
+6.6%
30501
+2.0%
30567
-0.2%
30507
-0.9%

Housing Supply in 30507, GA

How many homes are available in 30507, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
89101+13.5%

Summary: The 30507 real estate market had 101 homes for sale in October 2024, a 13.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 86
-25.0%
3 4447
+6.8%
4 3037
+23.3%
5+ 711
+57.1%

Summary: The 30507 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 25%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes increased by 57.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2220-9.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30507, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in 30507 in October 2024, down by 9.1% month-over-month. Of the 19 sold homes, 68% were sold under asking, 11% were sold at asking, and 21% were sold over asking.

Days on Market for 30507, GA

How long does it take to sell a home in 30507, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
12 Days36 Days+203.7%

Summary: Homes in 30507 had an average of 36 days on market in Oct 2024, up by 203.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30507 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 20 homes were sold in 30507; 45% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 15% 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

Newest Listings in 30507, GA

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