Is 30506, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30506 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 30506 has remained a Seller's Market.

Key Takeaway

30506 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 30506, GA

How much do homes in 30506, GA cost?

Median Sold Price

$424,310

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$4,310(+1.0%)

Key Takeaway

Homes in 30506 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 30506 was $424,310 in April 2024, up 1% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $275K$295K
+7.3%
2 $260K$265K
+1.9%
3 $339.9K$350K
+3.0%
4 $452K$535K
+18.4%
5+ $599K$648.5K
+8.3%

Summary: 30506 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Zip Codes

30527
+22.6%
30504
+8.1%
30564
+6.1%
30501
+2.3%
30506
+1.0%

Housing Supply in 30506, GA

How many homes are available in 30506, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
340393+15.6%

Summary: The 30506 real estate market had 393 homes for sale in April 2024, a 15.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 1722
+29.4%
3 110120
+9.1%
4 133165
+24.1%
5+ 7884
+7.7%

Summary: The 30506 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 29.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
7085+21.4%

Asking Price vs. Sold Price

46 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30506, you may be able to get a good deal. 55.4% of homes here sold below asking price last month.

Summary: A total of 85 homes were sold or pending in 30506 in April 2024, up by 21.4% month-over-month. Of the 83 sold homes, 55% were sold under asking, 14% were sold at asking, and 30% were sold over asking.

Days on Market for 30506, GA

How long does it take to sell a home in 30506, GA?

Average Sale Time

Apr 2023Apr 2024CHANGE
42 Days36 Days-13.5%

Summary: Homes in 30506 had an average of 36 days on market in Apr 2024, down by 13.5% compared to last year.

Breakdown of Home Sale Times

54 Homes Were Sold
Under 30 Days

19 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30506 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 85 homes were sold in 30506; 64% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 14% 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 6 Days Ago

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