Is 30318, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30318 is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, 30318 was a Seller's Market.

Key Takeaway

30318 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 30318, GA

How much do homes in 30318, GA cost?

Median Sold Price

$419,596

$262/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$1,437(-0.3%)

Key Takeaway

The sold price of homes in 30318 has remained the same since last year.

Summary: The median home sold price in 30318 was $419,596 in September 2024, down 0.3% from last year, and the median price per square foot was $262.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $205.7K$184K
-10.6%
2 $374.7K$380K
+1.4%
3 $399K$406.4K
+1.9%
4 $569K$587.5K
+3.3%
5+ $674.9K$654.9K
-2.9%

Summary: 30318 housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes decreased by 2.9%.

Median Sold Price Compared To Nearby Zip Codes

30363
+16.1%
30313
+5.8%
30309
+4.0%
30318
-0.3%
30314
-2.1%

Housing Supply in 30318, GA

How many homes are available in 30318, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
442530+19.9%

Summary: The 30318 real estate market had 530 homes for sale in September 2024, a 19.9% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 2026
+30.0%
2 6882
+20.6%
3 223267
+19.7%
4 99118
+19.2%
5+ 3237
+15.6%

Summary: The 30318 housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 19.2%, and 5+ bedroom homes increased by 15.6%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
8559-30.6%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30318, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 59 homes were sold or pending in 30318 in September 2024, down by 30.6% month-over-month. Of the 54 sold homes, 56% were sold under asking, 17% were sold at asking, and 28% were sold over asking.

Days on Market for 30318, GA

How long does it take to sell a home in 30318, GA?

Average Sale Time

Sep 2023Sep 2024CHANGE
28 Days47 Days+66.3%

Summary: Homes in 30318 had an average of 47 days on market in Sep 2024, up by 66.3% compared to last year.

Breakdown of Home Sale Times

25 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 30318 has remained consistent over time.

Summary: During September 2024, 59 homes were sold in 30318; 42% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 10% 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 30 Days Ago

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