30316 Real Estate Market Report

Covering the East Atlanta Neighborhoods / 30316 Zip Code | January – December 2018

The 30316 real estate market was one of the hottest for home sales in 2018 and we think there are even more good things to come in the new year!   This Intown zip is home to the East Atlanta Village, Ormewood Park, Reynoldstown and part of Cabbagetown and we think that many homeowners are giving themselves a big pat on the back for making their “nest” in 30316!

Below you’ll find the latest update on the 30316 real estate market, including recent home sales, current trends and of course, the latest East Atlanta area home values. We’re on a mission to keep you well-informed and current on the latest market trends, so we hope you enjoy the 2018 edition of the 30316 Real Estate Market Report…

Infographic with the real estate and home sales stats for Atlanta 30316 zip code.

Atlanta 30316 Real Estate Market for 2018

EAST ATLANTA HOMES SOLD 

A total of 714 single family homes sold in Atlanta’s 30316 zip code.  This is right on par with 2017, where we had 716 home sales. The demand for homes under $500K is still very (VERY) high in the East Atlanta neighborhoods, so if inventory levels increased, we feel confident that the number of sales would as well.

** See the homes that recently sold in the 30316 zip code at the bottom of this report!

HOME PRICES

We saw another nice increase in the average single-family home sales price this year at $341,034.  That’s a $26,000 INCREASE (8.3%) from the same time last year. Not too shabby, East Atlantans!

A few more interesting nuggets on East Atlanta area (zip code 30316) home values:

* In 1Q 2018, home sales ranged in price from $25,000 to $1,015,000, with the median sales price at $340,000

* We had two home sales over a MILLION dollars in 30316 this year!  Both were new construction homes on Faith Avenue boasting 4000+ square feet

* New construction prices in Ormewood Park, Glenwood Park, and Reynoldstown really helped drive up the average sales price.  [Check out the most expensive homes sold at the bottom of this report!]

AVERAGE SALES PRICE (2014 – 2018)

Home values in East Atlanta 30316

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

 

HOW LONG DOES IT TAKE TO SELL A HOME IN 30316?

Single-family homes took 31 days to sell on average — BUT  39% of the 30316 homes sold in less than ONE week.

The median number of days on market was only 14 (vs 12 days last year) and we would consider that a more accurate reflection of what is happening in today’s 30316 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!

MEDIAN # OF DAYS TO SELL A HOME (2014 – 2018)

Graph of 30316 real estate market statistics and home sales data

If you are thinking of selling your home and it is priced at the fair market value, it will probably sell within the first month.   If you own a charming, updated bungalow under $600,000 that’s near the East Atlanta Village or is located in Ormewood Park / Cabbagetown, it could easily sell in the first weekend with multiple offers.

ARE 30316 HOME BUYERS STILL PAYING TOP DOLLAR?

Without a doubt! In 2018, East Atlanta area homes sold at 98.8% of the asking price, on average.  That means that buyers were able to negotiate an average of 1.2% off the asking price.  To put this in perspective…

* On a $600,000 home, that’s about $7,000 off the listing price

* On a $300,000 home, buyers are negotiating about $3,600 off the listing price

If you are looking for a home in this popular Atlanta zip code, make sure you consult with your buyer’s agent who is very familiar with the Intown Atlanta real estate market.  In many situations, you’ll probably need to offer at least the full asking price, as 51% of the 30316 homes sold at or OVER the listing price.

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Have questions about the 30316 real estate market report?  Want to learn more about the East Atlanta neighborhoods?  The Urban Nest Real Estate Group is located in the heart of the East Atlanta Village and many of our agents live in EAV, so we’d love to help answer your questions!  Call anytime at:

404-205-8800

** Be sure to ask for an East Atlanta 30316 real estate market specialist!

Explore 30316 Homes for Sale

$699,900
Single Family Home For Sale
Active
7
BED
4
TOTAL BATHS
3,512
SQFT
1490 Metropolitan Avenue SE
Atlanta, GA 30316
East Atlanta Subdivision
$639,900
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
2,460
SQFT
1029 Wylie Street SE
Atlanta, GA 30316
REYNOLDSTOWN Subdivision
$495,000
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
739 Pasley Avenue SE
Atlanta, GA 30316
East Atlanta Village Subdivision
$488,900
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,743
SQFT
2980 Silver Hill Terrace SE
Atlanta, GA 30316
Eastside Walk Subdivision
$479,000
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
1,858
SQFT
1625 Flat Shoals Road SE
Atlanta, GA 30316
East Atlanta Subdivision
$367,500
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
2259 Cloverdale Drive SE
Atlanta, GA 30316
East Atlanta Subdivision
$365,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,406
SQFT
2324 Bouldercliff Way SE
Atlanta, GA 30316
The Preserve at East Atlanta Subdivision
$359,900
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
2,160
SQFT
2399 Glynn Drive SE
Atlanta, GA 30316
East Atlanta Subdivision
$285,000
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
1,572
SQFT
486 E Side Avenue SE
Atlanta, GA 30316
East Atlanta Subdivision
$219,000
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
1,188
SQFT
2050 Settle Circle SE
Atlanta, GA 30316
East Atlanta Subdivision
$195,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,417
SQFT
1927 Vicki Lane SE
Atlanta, GA 30316
Gresham Park Subdivision
$875,000
Single Family Home For Sale
Active Under Contract
5
BED
4
TOTAL BATHS
3,591
SQFT
507 Hamilton Street SE
Atlanta, GA 30316
Glenwood Park Subdivision
$869,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,394
SQFT
720 Belt Loop SE
Atlanta, GA 30316
Farmhouses at Ormewood Park Subdivision
New Listing - 3 weeks online
$849,895
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,858
SQFT
926 Ormewood Terrace SE
Atlanta, GA 30316
Ormewood Park Subdivision
$835,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,583
SQFT
834 Harold Avenue SE
Atlanta, GA 30316
Reynoldstown Subdivision
New Listing - 2 weeks online
$825,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
3,024
SQFT
943 Mercer Street SE
Atlanta, GA 30316
Ormewood Park Subdivision
New Listing - 2 weeks online
$799,900
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
4,526
SQFT
388 Monument Avenue SE
Atlanta, GA 30316
East Atlanta Village Subdivision
New Listing - 3 weeks online
$785,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,095
SQFT
861 Mercer Street SE
Atlanta, GA 30316
Ormewood Park Subdivision
$759,900
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,394
SQFT
716 Belt Loop SE
Atlanta, GA 30316
Farmhouses at Ormewood Park Subdivision
$750,000
Single Family Home For Sale
Active Under Contract
4
BED
4
TOTAL BATHS
2,844
SQFT
1464 Glenwood Avenue SE
Atlanta, GA 30316
East Atlanta Village Subdivision
$746,400
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,304
SQFT
958 Wylie Street SE
Atlanta, GA 30316
Reynoldstown Subdivision
$745,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,790
SQFT
226 Holtzclaw Street SE
Atlanta, GA 30316
Reynoldstown Subdivision
New Listing - 2 weeks online
$739,900
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
2,455
SQFT
836 Delmar Court SE
Atlanta, GA 30316
Ormewood Park Subdivision
New Listing - 4 weeks online
$730,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,853
SQFT
485 Gift Avenue SE
Atlanta, GA 30316
Ormewood Park Subdivision
$725,000
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
3,150
SQFT
1404 Mcpherson Avenue SE
Atlanta, GA 30316
East Atlanta Village Subdivision
$719,900
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
2,922
SQFT
490 Hamilton Street SE
Atlanta, GA 30316
Glenwood Park Subdivision
New Listing - 6 days online
$717,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,480
SQFT
1081 Gilbert Street SE
Atlanta, GA 30316
Ormewood Park Subdivision
Open House 07/26 at 12PM
Please verify times due to COVID-19
$699,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
2,221
SQFT
171 Savannah Street SE
Atlanta, GA 30316
Cabbagetown Subdivision
$675,000
Single Family Home For Sale
Pending
3
BED
4
TOTAL BATHS
2,352
SQFT
976 N Ormewood Park Drive
Atlanta, GA 30316
Glenwood Park Subdivision
$664,900
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,880
SQFT
702 Stokeswood Avenue SE
Atlanta, GA 30316
East Atlanta Subdivision
New Listing - 2 weeks online
$659,900
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,911
SQFT
1377 Willow Place SE
Atlanta, GA 30316
East Atlanta Subdivision
New Listing - 3 weeks online
$650,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1109 Loring Street SE
Atlanta, GA 30316
Ormewood Park Subdivision
Price Change - 2 weeks ago
$634,900
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,700
SQFT
1115 Portland Avenue SE
Atlanta, GA 30316
Ormewood Park Subdivision
$623,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,904
SQFT
631 Juneberry Lane SE
Atlanta, GA 30316
Ormewood Park Subdivision
$599,900
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
3,055
SQFT
922 Delmar Avenue SE
Atlanta, GA 30316
Ormewood Park Subdivision
New Listing - 4 days online
$599,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,200
SQFT
1561 Glenwood Avenue SE
Atlanta, GA 30316
East Atlanta Subdivision
$599,000
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
1,673
SQFT
988 Ormewood Avenue SE
Atlanta, GA 30316
Ormewood Park Subdivision
Open House 07/18 at 1PM
Please verify times due to COVID-19
$581,745
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,743
SQFT
2675 Sugar Mill Drive
Atlanta, GA 30316
Eastside Walk Subdivision
Price Change - 2 weeks ago
$576,938
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,576
SQFT
1434 Sugarmill Oaks Avenue
Atlanta, GA 30316
Eastside Walk Subdivision
$574,900
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
1,537
SQFT
908 Emerson Avenue SE
Atlanta, GA 30316
Pleasant Home Estates Subdivision
New Listing - 5 days online
$567,000
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,692
SQFT
465 Hemlock Circle SE
Atlanta, GA 30316
Ormewood Park Subdivision
$565,000
Single Family Home For Sale
Pending
2
BED
2
TOTAL BATHS
1,133
SQFT
266 Berean Avenue SE
Atlanta, GA 30316
Cabbagetown Subdivision
$560,000
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
2,049
SQFT
1106 Sanders Avenue SE
Atlanta, GA 30316
Ormewood Park Subdivision
Price Change - 3 weeks ago
$559,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,582
SQFT
1018 Custer Avenue
Atlanta, GA 30316
Woodlawn Estates Subdivision
Price Change - 2 weeks ago
$553,583
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,743
SQFT
1428 Sugarmill Oaks Avenue
Atlanta, GA 30316
Eastside Walk Subdivision
New Listing - 2 weeks online
$549,000
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,922
SQFT
94 Walthall Street SE
Atlanta, GA 30316
Reynoldstown Subdivision
New Listing - 2 weeks online
$549,000
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
1,650
SQFT
474 Lytle Avenue SE
Atlanta, GA 30316
Ormewood Park Subdivision
Price Change - 2 weeks ago
$539,040
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,743
SQFT
1422 Sugarmill Oaks Avenue
Atlanta, GA 30316
Eastside Walk Subdivision
$539,000
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
2,928
SQFT
1376 Custer Way SE
Atlanta, GA 30316
Summer Creek Park Subdivision
Price Change - 2 weeks ago
$536,844
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,576
SQFT
1402 Sugarmill Oaks Avenue
Atlanta, GA 30316
Eastside Walk Subdivision
Price Change - 3 weeks ago
$529,000
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,582
SQFT
1012 Custer Avenue
Atlanta, GA 30316
Woodlawn Estates Subdivision
New Listing - a week online
$524,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,800
SQFT
1480 Glenwood Avenue SE
Atlanta, GA 30316
East Atlanta Subdivision
$521,650
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
1916 River Birch Lane
Atlanta, GA 30316
The Forest at East Lake Subdivision
New Listing - 2 days online
$518,500
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,800
SQFT
606 Stokeswood Avenue SE
Atlanta, GA 30316
East Atlanta Subdivision
New Listing - 3 weeks online
$518,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,903
SQFT
1037 Glenwood Avenue SE
Atlanta, GA 30316
Glenwood Park Subdivision
New Listing - 5 days online
$500,000
Multi-Family For Sale
Active
0.175
ACRES
FULTON
COUNTY
185 Pearl Street SE
Atlanta, GA 30316
Cabbagetown Subdivision
$499,900
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,489
SQFT
836 Fayetteville Road SE
Atlanta, GA 30316
 
Price Change - 3 weeks ago
$498,095
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
2,743
SQFT
3006 Silver Hill Terrace SE
Atlanta, GA 30316
Eastside Walk Subdivision
$495,000
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
1,900
SQFT
175 Moreland Avenue SE
Atlanta, GA 30316
 
$495,000
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
2,123
SQFT
1122 Fayetteville Road SE
Atlanta, GA 30316
Eats Atlanta Subdivision