Is 30016, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30016 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 30016 was a Seller's Market.

Key Takeaway

30016 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 30016, GA

How much do homes in 30016, GA cost?

Median Sold Price

$295,000

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$3,912(+1.3%)

Key Takeaway

Homes in 30016 have sold for 1.3% more than they did a year ago.

Summary: The median home sold price in 30016 was $295,000 in March 2024, up 1.3% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $150K$285K
+90.0%
2 $219K$210K
-4.1%
3 $269.8K$272.5K
+1.0%
4 $325.3K$316K
-2.9%
5+ $399K$399.4K
0.1%

Summary: 30016 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 90%, 2 bedroom homes decreased by 4.1%, 3 bedroom homes increased by 1%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 0.1%.

Median Sold Price Compared To Nearby Zip Codes

30014
+3.3%
30252
+2.0%
30013
+2.0%
30016
+1.3%
30094
-3.0%

Housing Supply in 30016, GA

How many homes are available in 30016, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
284342+20.4%

Summary: The 30016 real estate market had 342 homes for sale in March 2024, a 20.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 23
+50.0%
2 118
-27.3%
3 120143
+19.2%
4 108134
+24.1%
5+ 4354
+25.6%

Summary: The 30016 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 25.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
5054+8.0%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30016, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in 30016 in March 2024, up by 8.0% month-over-month. Of the 48 sold homes, 46% were sold under asking, 35% were sold at asking, and 19% were sold over asking.

Days on Market for 30016, GA

How long does it take to sell a home in 30016, GA?

Average Sale Time

Mar 2023Mar 2024CHANGE
45 Days40 Days-9.0%

Summary: Homes in 30016 had an average of 40 days on market in Mar 2024, down by 9% compared to last year.

Breakdown of Home Sale Times

34 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30016 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 54 homes were sold in 30016; 63% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 17% 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 26 Days Ago

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