Is 30642, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30642 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 30642 has remained a Seller's Market.

Key Takeaway

30642 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 30642, GA

How much do homes in 30642, GA cost?

Median Sold Price

$685,000

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$39,450(-5.4%)

Key Takeaway

Homes in 30642 have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in 30642 was $685,000 in March 2024, down 5.4% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $397.5K$372.4K
-6.3%
3 $545K$523.5K
-3.9%
4 $845K$830K
-1.8%
5+ $1.6M$2.1M
+28.4%

Summary: 30642 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 6.3%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 28.4%.

Median Sold Price Compared To Nearby Zip Codes

30669
+7.4%
30625
+4.3%
31024
+1.3%
30642
-5.4%

Housing Supply in 30642, GA

How many homes are available in 30642, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
176186+5.7%

Summary: The 30642 real estate market had 186 homes for sale in March 2024, a 5.7% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 2120
-4.8%
3 5054
+8.0%
4 6771
+6.0%
5+ 3841
+7.9%

Summary: The 30642 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 decreased by 4.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 7.9%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2332+39.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30642, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.

Summary: A total of 32 homes were sold or pending in 30642 in March 2024, up by 39.1% month-over-month. Of the 29 sold homes, 62% were sold under asking, 28% were sold at asking, and 10% were sold over asking.

Days on Market for 30642, GA

How long does it take to sell a home in 30642, GA?

Average Sale Time

Mar 2023Mar 2024CHANGE
78 Days38 Days-51.3%

Summary: Homes in 30642 had an average of 38 days on market in Mar 2024, down by 51.3% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30642 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 32 homes were sold in 30642; 63% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 9% 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 23 Days Ago

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