Is 30507, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30507 is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, 30507 was a Seller's Market.

Key Takeaway

30507 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 30507, GA

How much do homes in 30507, GA cost?

Median Sold Price

$324,900

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$5,050(-1.5%)

Key Takeaway

Homes in 30507 have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in 30507 was $324,900 in February 2024, down 1.5% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $45K-
N/A
2 $178K$189K
+6.2%
3 $289.9K$314.9K
+8.6%
4 $373K$385K
+3.2%
5+ $410K$530K
+29.3%

Summary: 30507 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 29.3%.

Median Sold Price Compared To Nearby Zip Codes

30504
+6.2%
30501
+1.9%
30507
-1.5%
30567
-2.0%

Housing Supply in 30507, GA

How many homes are available in 30507, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5159+15.7%

Summary: The 30507 real estate market had 59 homes for sale in February 2024, a 15.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 3238
+18.8%
4 1212
0.0%
5+ 56
+20.0%

Summary: The 30507 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 18.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30507, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in 30507 in February 2024, down by 22.2% month-over-month. Of the 6 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for 30507, GA

How long does it take to sell a home in 30507, GA?

Average Sale Time

Feb 2023Feb 2024CHANGE
39 Days24 Days-37.9%

Summary: Homes in 30507 had an average of 24 days on market in Feb 2024, down by 37.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30507 are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 7 homes were sold in 30507; 71% of homes were sold within 30 days, 14% 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 27 Days Ago

Newest Listings in 30507, GA

Nearby Markets to 30507, GA