Is 30540, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30540 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 30540 was a Seller's Market.

Key Takeaway

30540 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 30540, GA

How much do homes in 30540, GA cost?

Median Sold Price

$448,666

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$36,743(+8.9%)

Key Takeaway

Homes in 30540 have sold for 8.9% more than they did a year ago.

Summary: The median home sold price in 30540 was $448,666 in October 2024, up 8.9% from last year, and the median price per square foot was $233.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $87K$136K
+56.3%
2 $359.5K$395K
+9.9%
3 $439.9K$460K
+4.6%
4 $509K$535K
+5.1%
5+ $635K$807.5K
+27.2%

Summary: 30540 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 56.3%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 27.2%.

Median Sold Price Compared To Nearby Zip Codes

30522
+14.7%
30540
+8.9%
30536
0.5%
30705
-3.7%
30175
-5.7%

Housing Supply in 30540, GA

How many homes are available in 30540, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
522627+20.1%

Summary: The 30540 real estate market had 627 homes for sale in October 2024, a 20.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 5461
+13.0%
2 127152
+19.7%
3 219272
+24.2%
4 86106
+23.3%
5+ 3636
0.0%

Summary: The 30540 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13%, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 23.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3840+5.3%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30540, you may be able to get a good deal. 81.6% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in 30540 in October 2024, up by 5.3% month-over-month. Of the 38 sold homes, 82% were sold under asking, 11% were sold at asking, and 8% were sold over asking.

Days on Market for 30540, GA

How long does it take to sell a home in 30540, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
58 Days92 Days+56.7%

Summary: Homes in 30540 had an average of 92 days on market in Oct 2024, up by 56.7% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 30540 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 40 homes were sold in 30540; 20% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 43% 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 14 Days Ago

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