Is 30238, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30238 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 30238 was a Seller's Market.

Key Takeaway

30238 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 30238, GA

How much do homes in 30238, GA cost?

Median Sold Price

$250,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,000(+4.2%)

Key Takeaway

Homes in 30238 have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in 30238 was $250,000 in March 2024, up 4.2% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $57K$72K
+26.3%
2 $156.5K$190K
+21.4%
3 $228.9K$238K
+4.0%
4 $280K$270K
-3.6%
5+ $365K$350K
-4.1%

Summary: 30238 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.3%, 2 bedroom homes increased by 21.4%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Zip Codes

30214
+9.9%
30238
+4.2%
30274
+2.3%
30296
-1.2%
30236
-1.6%

Housing Supply in 30238, GA

How many homes are available in 30238, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
203223+9.9%

Summary: The 30238 real estate market had 223 homes for sale in March 2024, a 9.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 44
0.0%
3 113120
+6.2%
4 6369
+9.5%
5+ 2330
+30.4%

Summary: The 30238 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 remained the same, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 30.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
3834-10.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30238, you could pay more than the asking price. 37.9% of homes here sold above asking price last month.

Summary: A total of 34 homes were sold or pending in 30238 in March 2024, down by 10.5% month-over-month. Of the 29 sold homes, 34% were sold under asking, 28% were sold at asking, and 38% were sold over asking.

Days on Market for 30238, GA

How long does it take to sell a home in 30238, GA?

Average Sale Time

Mar 2023Mar 2024CHANGE
33 Days37 Days+12.7%

Summary: Homes in 30238 had an average of 37 days on market in Mar 2024, up by 12.7% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30238 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 34 homes were sold in 30238; 62% of homes were sold within 30 days, 24% 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 25 Days Ago

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