Is 30518, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 30518 is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, 30518 has remained a Seller's Market.

Key Takeaway

30518 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 30518, GA

How much do homes in 30518, GA cost?

Median Sold Price

$475,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$27,625(+6.2%)

Key Takeaway

Homes in 30518 have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in 30518 was $475,000 in April 2024, up 6.2% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $156K$141K
-9.6%
2 $305K$325K
+6.6%
3 $370K$384.9K
+4.1%
4 $460K$485K
+5.4%
5+ $606.5K$670.3K
+10.5%

Summary: 30518 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 10.5%.

Median Sold Price Compared To Nearby Zip Codes

30041
+8.3%
30518
+6.2%
30542
+5.6%
30024
+3.3%
30519
+2.5%

Housing Supply in 30518, GA

How many homes are available in 30518, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
262302+15.3%

Summary: The 30518 real estate market had 302 homes for sale in April 2024, a 15.3% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 76
-14.3%
3 8191
+12.3%
4 99113
+14.1%
5+ 7592
+22.7%

Summary: The 30518 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 22.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
6380+27.0%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 30518, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 80 homes were sold or pending in 30518 in April 2024, up by 27.0% month-over-month. Of the 77 sold homes, 45% were sold under asking, 19% were sold at asking, and 35% were sold over asking.

Days on Market for 30518, GA

How long does it take to sell a home in 30518, GA?

Average Sale Time

Apr 2023Apr 2024CHANGE
39 Days24 Days-38.8%

Summary: Homes in 30518 had an average of 24 days on market in Apr 2024, down by 38.8% compared to last year.

Breakdown of Home Sale Times

61 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 30518 are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 80 homes were sold in 30518; 76% of homes were sold within 30 days, 15% 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 28 Days Ago

Newest Listings in 30518, GA

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