Is 30607, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30607 is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, 30607 was a Seller's Market.

Key Takeaway

30607 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 30607, GA

How much do homes in 30607, GA cost?

Median Sold Price

$325,990

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$5,990(+1.9%)

Key Takeaway

Homes in 30607 have sold for 1.9% more than they did a year ago.

Summary: The median home sold price in 30607 was $325,990 in March 2024, up 1.9% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $225K$191.9K
-14.7%
3 $295K$280K
-5.1%
4 $422.4K$370K
-12.4%
5+ $565K$487.4K
-13.7%

Summary: 30607 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 14.7%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 12.4%, and 5+ bedroom homes decreased by 13.7%.

Median Sold Price Compared To Nearby Zip Codes

30565
+9.4%
30606
+8.0%
30601
+5.5%
30622
+2.1%
30607
+1.9%

Housing Supply in 30607, GA

How many homes are available in 30607, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5872+24.1%

Summary: The 30607 real estate market had 72 homes for sale in March 2024, a 24.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2427
+12.5%
4 2738
+40.7%
5+ 44
0.0%

Summary: The 30607 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 12.5%, 4 bedroom homes increased by 40.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30607, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in 30607 in March 2024, up by 22.2% month-over-month. Of the 9 sold homes, 44% were sold under asking, 56% were sold at asking, and 0% were sold over asking.

Days on Market for 30607, GA

How long does it take to sell a home in 30607, GA?

Average Sale Time

Mar 2023Mar 2024CHANGE
29 Days57 Days+94.5%

Summary: Homes in 30607 had an average of 57 days on market in Mar 2024, up by 94.5% compared to last year.

Breakdown of Home Sale Times

5 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 30607 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 11 homes were sold in 30607; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% 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 18 Days Ago

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