Is 30553, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30553 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 30553 was a Seller's Market.

Key Takeaway

30553 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 30553, GA

How much do homes in 30553, GA cost?

Median Sold Price

$270,000

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$7,000(+2.7%)

Key Takeaway

Homes in 30553 have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in 30553 was $270,000 in March 2024, up 2.7% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $132K-
N/A
2 $185K$169.5K
-8.4%
3 $250K$279K
+11.6%
4 $324.5K$360K
+10.9%
5+ $595K$420K
-29.4%

Summary: 30553 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.4%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 29.4%.

Median Sold Price Compared To Nearby Zip Codes

30520
+4.4%
30553
+2.7%
30557
-3.5%

Housing Supply in 30553, GA

How many homes are available in 30553, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5262+19.2%

Summary: The 30553 real estate market had 62 homes for sale in March 2024, a 19.2% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 78
+14.3%
3 2633
+26.9%
4 1011
+10.0%
5+ 89
+12.5%

Summary: The 30553 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 14.3%, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
410+150.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30553, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in 30553 in March 2024, up by 150.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 30553, GA

How long does it take to sell a home in 30553, GA?

Average Sale Time

Mar 2023Mar 2024CHANGE
77 Days68 Days-11.5%

Summary: Homes in 30553 had an average of 68 days on market in Mar 2024, down by 11.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30553 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 10 homes were sold in 30553; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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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