30307 Real Estate Market & Trends Report

1Q 2018 :: Inman Park, Candler Park, Druid Hills, Lake Claire

For those of you that currently own a home or are thinking of buying a home in Atlanta's oh-so-hot 30307 zip code, we wanted to share the latest real estate market update for the Druid Hills, Candler Park, Edgewood, Inman Park and Lake Claire neighborhoods.  Below you'll find the latest 30307 real estate market report and home sales trends for the first quarter of 2018 (January - March). Enjoy!

Infographic of 30307 real estate market report for Atlanta 30307 zip code

Overview of the 1Q 30307 Real Estate Market 

HOMES SOLD 

A total of 35 single family homes sold in Atlanta's 30307 zip code between January and March.  This is down by 34% from the same time last year.  The demand for homes in the 30307 neighborhoods is still very strong, but inventory is extremely low, especially for homes in the $750K and under price range.

** See all the homes that recently sold in Atlanta's 30307 zip code at the bottom of this report!

HOME PRICES

This is the first time in several years, that the average sales price remained FLAT year-over-year in 30307.  As you'll see from the chart below, the average and median home sales prices can fluctuate dramatically from month to month. So before you get concerned about the average sales price remaining at about $620K, wait until we publish the Spring Market Update for this well-loved zip code.

A few more interesting nuggets on 30307 home values:

  • In Q1 2018, the average sales price was $620K, compared to $619K in Q1 2017
  • The median sales price was $590,000 (vs $575,000 last year)
  • This quarter, home sales ranged in price from $322,000 to $1,600,000

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Aren't you just the tiniest bit curious what your home is worth? Request a home valuation and we'll email you a full report with an estimate of your home's current value.

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HOW LONG DOES IT TAKE TO SELL A HOME IN 30307?

Homes took an astounding 94 days to sell on average -- BUT  31% of the 30307 homes sold in less than 2 weeks. The median number of days on market was only 55 and we would consider that a much more accurate reflection of what is happening in today's real estate market, as were a few factors at play.  First, several new construction and/or home renovations were listed in the MLS before the homes were finished. Also, several homes priced a little too high when they were first listed and they sat on the market - some for almost a year!

Long story short, if you are thinking of selling your home in Candler Park or any of the other 30307 neighborhoods and it is priced at fair market value, it will probably sell within 2 to 3 weeks.  If the home is under $700,000 and priced correctly, it could easily sell in the first weekend.

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ARE BUYERS STILL PAYING TOP DOLLAR?  

Yessir! Last quarter homes  sold at 94% of the asking price, on average -- or buyers were able to negotiate an average of 6% off the asking price.  This quarter, we witnessed a wide range listing price to final sales price percentages.  There were a few higher dollar homes that sold for 80 to 90% of the asking price and then mid-range homes selling at 5% OVER the asking price.

If you are looking for a home in this area, make sure you consult with your local real estate agent, as your offering strategy may vary dramatically based on the bidding on.  Also, keep in mind that  31% of the 30307 homes sold at or OVER the listing price.

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What is your home worth in Atlanta and Decatur Georgia?Have questions about the 30307 real estate market report?  Want to learn more about the neighborhoods in this popular Atlanta zip code?  The Nest Atlanta team lives and works in Candler Park / Lake Claire, so we'd love to help with your questions!  Call us anytime at:

404-205-8800

** Be sure to ask for a 30307 neighborhood specialist!

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ATLANTA 30307 HOMES JUST LISTED THIS WEEK

View ALL the current listings in 30307
4
Beds
3 | 1
Baths
N/A
SqFt
(18)
 
 
#6075469 | Single Family Home
3
Beds
2 | 1
Baths
N/A
SqFt
(30)
 
 
#6075465 | Single Family Home
4
Beds
3
Baths
2,200
SqFt
(31)
 
 
#6075309 | Condo
4
Beds
3 | 1
Baths
2,248
SqFt
(38)
Open House: Sep 23, 2018 2:00 PM - 4:00 PM
 
#6074919 | Condo
Information Deemed Reliable But Not Guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request. © 2018 First Multiple Listing Service, Inc.
FMLS - FirstMLS data last updated at September 22, 2018 7:59 PM ET
 

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Homes Sold in Atlanta's 30307 Zip Code

Atlanta homes sold in 30307 zip code between 1/1/2018 - 3/31/2018.
ADDRESS NEIGHBORHOOD BEDS BATHS LIST SOLD
1670 Ridgewood Dr Druid Hills 6 5.5 $1,995,000 $1,600,000
1821 Marlbrook Dr Lake Claire 5 4.5 $1,199,000 $1,139,000
2115 Ponce De Leon Druid Hills 4 4.5 $1,395,000 $950,000
1918 Durand Mill Dr Durand Mill 4 4 $935,000 $877,500
784 Edgewood Ave Inman Park 3 3.5 $850,000 $815,000
1526 Iverson St Candler Park 4 4.5 $789,000 $789,000
446 Hardendorf Ave Lake Claire 5 3.5 $769,900 $769,900
389 Sinclair Ave Inman Park 4 3 $1,090,000 $765,000
1218 Mclendon Ave Candler Park 2 2 $725,000 $705,000
1692 Clifton Ave Druid Hills 4 3 $699,900 $674,000
151 Hale St Inman Park 3 2 $685,000 $655,000
1474 Oxford Rd Druid Hills 4 2.5 $699,900 $655,000
260 Mathews Ave Lake Claire 3 2 $649,900 $649,000
87 Flora Ave Edgewood 4 3.5 $669,000 $640,000
2160 Ponce De Leon Druid Hills 4 3.5 $700,000 $635,000
1311 La France St Edgewood 3 2.5 $619,900 $600,000
357 Glendale Ave Candler Park 3 2 $599,900 $595,000
2100 Dekalb Ave Lake Claire 5 4 $599,900 $590,000
99 Hutchinson St 4 4 $598,900 $575,000
2017 Palifox Dr Lake Claire 3 2 $589,000 $570,000
2218 E Lake Rd Druid Hills 4 3.5 $575,000 $550,000
638 Moreland Ave 3 1 $549,000 $544,000
1919 Edinburgh Terr Druid Hills 3 2 $515,000 $507,000
495 Hardendorf Ave Lake Claire 3 2 $535,000 $493,000
425 Oakdale Rd Candler Park 3 2 $549,000 $487,700
362 Connecticut Ave Lake Claire 3 2.5 $450,000 $475,000
72 Flora Ave Edgewood 3 2 $430,000 $450,200
36 Leslie St Edgewood 4 2 $429,900 $435,000
1853 Decatur Rd Druid Hills 5 3 $400,000 $407,500
1912 Westminster Way Druid Hills 3 1.5 $399,000 $370,000
1888 Westminster Way Druid Hills 2 2 $379,000 $355,000
491 Harold Ave Lake Claire 3 2 $449,000 $355,000
41 Montgomery St none 3 2.5 $399,900 $354,000
1105 North Ave Poncey Highland 1 1 $400,000 $350,000
46 Hutchinson St Edgewood 3 2 $325,000 $332,000

PLEASE NOTE:  The homes sales data used in this Atlanta zip code 30307 real estate market report was extracted from the Atlanta MLS on April 19, 2018 and interpreted by Kerry Lucasse with eXp Realty.  Information is deemed reliable, but is not guaranteed and subject to change. 

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Urbanest Atlanta team at eXp Realty :: 404-205-8800

... your intown atlanta real estate market gurus!