Is 30342, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30342 is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, 30342 has remained a Seller's Market.

Key Takeaway

30342 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 30342, GA

How much do homes in 30342, GA cost?

Median Sold Price

$738,399

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$39,233(+5.6%)

Key Takeaway

Homes in 30342 have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in 30342 was $738,399 in September 2024, up 5.6% from last year, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $267.5K$190K
-29.0%
2 $310K$373.5K
+20.5%
3 $600K$585K
-2.5%
4 $849.2K$932.5K
+9.8%
5+ $1.6M$1.9M
+19.4%

Summary: 30342 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29%, 2 bedroom homes increased by 20.5%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 19.4%.

Median Sold Price Compared To Nearby Zip Codes

30305
+23.7%
30327
+6.7%
30319
+5.8%
30342
+5.6%
30326
-2.4%

Housing Supply in 30342, GA

How many homes are available in 30342, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
187206+10.2%

Summary: The 30342 real estate market had 206 homes for sale in September 2024, a 10.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1415
+7.1%
2 3244
+37.5%
3 4045
+12.5%
4 3735
-5.4%
5+ 6467
+4.7%

Summary: The 30342 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 4.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3235+9.4%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30342, you may be able to get a good deal. 67.6% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in 30342 in September 2024, up by 9.4% month-over-month. Of the 34 sold homes, 68% were sold under asking, 21% were sold at asking, and 12% were sold over asking.

Days on Market for 30342, GA

How long does it take to sell a home in 30342, GA?

Average Sale Time

Sep 2023Sep 2024CHANGE
25 Days45 Days+80.3%

Summary: Homes in 30342 had an average of 45 days on market in Sep 2024, up by 80.3% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30342 are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 35 homes were sold in 30342; 54% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 20% 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 Sep 1, 2024

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