Is 30518, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30518 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 30518 has remained a Seller's Market.

Key Takeaway

30518 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 30518, GA

How much do homes in 30518, GA cost?

Median Sold Price

$495,293

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,202(+9.8%)

Key Takeaway

Homes in 30518 have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in 30518 was $495,293 in November 2024, up 9.8% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150.5K-
N/A
2 $312.5K$325K
+4.0%
3 $370K$395K
+6.8%
4 $463K$501.3K
+8.3%
5+ $635K$672.9K
+6.0%

Summary: 30518 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Zip Codes

30518
+9.8%
30041
+9.3%
30519
+8.0%
30024
+7.6%
30542
+1.2%

Housing Supply in 30518, GA

How many homes are available in 30518, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
319322+0.9%

Summary: The 30518 real estate market had 322 homes for sale in November 2024, a 0.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 612
+100.0%
3 126129
+2.4%
4 11097
-11.8%
5+ 7784
+9.1%

Summary: The 30518 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 increased by 100%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 11.8%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6362-1.6%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30518, you may be able to get a good deal. 46.8% of homes here sold below asking price last month.

Summary: A total of 62 homes were sold or pending in 30518 in November 2024, down by 1.6% month-over-month. Of the 62 sold homes, 47% were sold under asking, 34% were sold at asking, and 19% were sold over asking.

Days on Market for 30518, GA

How long does it take to sell a home in 30518, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
34 Days33 Days-2.8%

Summary: Homes in 30518 had an average of 33 days on market in Nov 2024, down by 2.8% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30518 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 62 homes were sold in 30518; 66% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 6% 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 17 Days Ago

Newest Listings in 30518, GA

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