Is 30642, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30642 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 30642 was a Seller's Market.

Key Takeaway

30642 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 30642, GA

How much do homes in 30642, GA cost?

Median Sold Price

$779,300

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$118,050(+17.9%)

Key Takeaway

Homes in 30642 have sold for 17.9% more than they did a year ago.

Summary: The median home sold price in 30642 was $779,300 in October 2024, up 17.9% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $339K$396K
+16.8%
3 $500.9K$538.9K
+7.6%
4 $842.5K$877.3K
+4.1%
5+ $2.0M$1.6M
-21.2%

Summary: 30642 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 16.8%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 21.2%.

Median Sold Price Compared To Nearby Zip Codes

30642
+17.9%
30625
+16.4%
31024
+12.0%

Housing Supply in 30642, GA

How many homes are available in 30642, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
233229-1.7%

Summary: The 30642 real estate market had 229 homes for sale in October 2024, a 1.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 3530
-14.3%
3 5660
+7.1%
4 8479
-6.0%
5+ 5759
+3.5%

Summary: The 30642 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 14.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 3.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3228-12.5%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30642, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 30642 in October 2024, down by 12.5% month-over-month. Of the 27 sold homes, 67% were sold under asking, 30% were sold at asking, and 4% were sold over asking.

Days on Market for 30642, GA

How long does it take to sell a home in 30642, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
68 Days59 Days-13.0%

Summary: Homes in 30642 had an average of 59 days on market in Oct 2024, down by 13% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30642 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 28 homes were sold in 30642; 50% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 32% 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 30642, GA

Nearby Markets to 30642, GA