Is 30224, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30224 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 30224 has remained a Seller's Market.

Key Takeaway

30224 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 30224, GA

How much do homes in 30224, GA cost?

Median Sold Price

$262,000

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$8,000(-3.0%)

Key Takeaway

Homes in 30224 have sold for 3% less than they did a year ago.

Summary: The median home sold price in 30224 was $262,000 in March 2024, down 3% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $150K$105.8K
-29.5%
2 $165K$190K
+15.2%
3 $240K$250K
+4.2%
4 $318.4K$308.6K
-3.1%
5+ $391.3K$399.9K
+2.2%

Summary: 30224 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.5%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 2.2%.

Median Sold Price Compared To Nearby Zip Codes

30257
+11.4%
30295
+6.1%
30223
0.1%
30224
-3.0%
30292
-4.0%

Housing Supply in 30224, GA

How many homes are available in 30224, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
166181+9.0%

Summary: The 30224 real estate market had 181 homes for sale in March 2024, a 9.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 1317
+30.8%
3 8785
-2.3%
4 5563
+14.5%
5+ 914
+55.6%

Summary: The 30224 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 55.6%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3642+16.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30224, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in 30224 in March 2024, up by 16.7% month-over-month. Of the 36 sold homes, 47% were sold under asking, 17% were sold at asking, and 36% were sold over asking.

Days on Market for 30224, GA

How long does it take to sell a home in 30224, GA?

Average Sale Time

Mar 2023Mar 2024CHANGE
50 Days41 Days-17.7%

Summary: Homes in 30224 had an average of 41 days on market in Mar 2024, down by 17.7% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30224 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 42 homes were sold in 30224; 62% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 12% 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 29 Days Ago

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