Is 30542, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30542 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 30542 was a Seller's Market.

Key Takeaway

30542 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 30542, GA

How much do homes in 30542, GA cost?

Median Sold Price

$434,666

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$4,000(+0.9%)

Key Takeaway

Homes in 30542 have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in 30542 was $434,666 in October 2024, up 0.9% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $260K$215K
-17.3%
2 $310K$338.2K
+9.1%
3 $370K$380K
+2.7%
4 $480K$458.5K
-4.5%
5+ $620K$610K
-1.6%

Summary: 30542 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.3%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 1.6%.

Median Sold Price Compared To Nearby Zip Codes

30519
+7.8%
30566
+7.1%
30504
+6.6%
30517
+4.3%
30542
+0.9%

Housing Supply in 30542, GA

How many homes are available in 30542, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
265307+15.8%

Summary: The 30542 real estate market had 307 homes for sale in October 2024, a 15.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2120
-4.8%
3 9196
+5.5%
4 98117
+19.4%
5+ 5574
+34.5%

Summary: The 30542 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 4.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 34.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4740-14.9%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30542, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Summary: A total of 40 homes were sold or pending in 30542 in October 2024, down by 14.9% month-over-month. Of the 38 sold homes, 63% were sold under asking, 24% were sold at asking, and 13% were sold over asking.

Days on Market for 30542, GA

How long does it take to sell a home in 30542, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days47 Days+66.2%

Summary: Homes in 30542 had an average of 47 days on market in Oct 2024, up by 66.2% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30542 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 40 homes were sold in 30542; 43% of homes were sold within 30 days, 43% 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

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