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 – 2019)

Graph with the East Atlanta home values over the last 10 years

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!

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

$345,900
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
976
SQFT
989 Ormewood Avenue SE
Atlanta, GA 30316
Ormewood Park Subdivision
$327,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,179
SQFT
886 Stallings Avenue SE
Atlanta, GA 30316
East Atlanta Subdivision
$319,900
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,734
SQFT
2646 Rockcliff Road
Atlanta, GA 30316
Gresham Park Subdivision
$284,000
Single Family Home For Sale
Active Under Contract
3
BED
1
TOTAL BATHS
1,053
SQFT
2149 Brannen Road SE
Atlanta, GA 30316
EAST ATLANTA GRESHAM PARK Subdivision
$250,000
Single Family Home For Sale
Pending
3
BED
1
TOTAL BATHS
1,572
SQFT
486 E Side Avenue SE
Atlanta, GA 30316
East Atlanta Subdivision
$1,199,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,175
SQFT
711 Belt Loop SE
Atlanta, GA 30316
Farmhouses at Ormewood Park Subdivision
$1,149,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,150
SQFT
731 Belt Loop SE
Atlanta, GA 30316
Farmhouses at Ormewood Park Subdivision
$799,999
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
2,846
SQFT
963 Gilbert 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
New Listing - a week online
$729,089
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,427
SQFT
464 Patterson Avenue SE
Atlanta, GA 30316
East Atlanta Village Subdivision
$679,000
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
2,433
SQFT
673 Juneberry Lane SE
Atlanta, GA 30316
 
New Listing - 4 weeks online
$649,900
Single Family Home For Sale
Active Under Contract
5
BED
4
TOTAL BATHS
2,960
SQFT
406 E Side Avenue SE
Atlanta, GA 30316
East Atlanta Subdivision
New Listing - 6 days online
$649,900
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
2,275
SQFT
879 Ormewood Avenue SE
Atlanta, GA 30316
Ormewood Park Subdivision
New Listing - 2 weeks online
$639,500
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,075
SQFT
625 Juneberry Lane SE
Atlanta, GA 30316
Ormewood Park Subdivision
Price Change - 3 weeks ago
$637,950
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
1,797
SQFT
637 Juneberry Lane SE
Atlanta, GA 30316
Ormewood Park Subdivision
$634,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,904
SQFT
631 Juneberry Lane
Atlanta, GA 30316
Ormewood Park Subdivision
$615,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2206 Stockbridge Drive SE
Atlanta, GA 30316
East Atlanta Subdivision
$600,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2214 Stockbridge Drive SE
Atlanta, GA 30316
East Atlanta Subdivision
New Listing - 6 hours online
$599,900
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,484
SQFT
1798 Glenaire Court SE
Atlanta, GA 30316
Glenaire Subdivision
New Listing - 2 weeks online
$597,500
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
3,324
SQFT
535 Glenaire Walk SE
Atlanta, GA 30316
Glenaire Subdivision
$589,900
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,268
SQFT
Reynoldstown #A
104 Cleveland Street SE
Atlanta, GA 30316
$585,000
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
1,710
SQFT
1299 Mcpherson Avenue SE
Atlanta, GA 30316
East Atlanta Village Subdivision
New Listing - yesterday
$579,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,447
SQFT
2328 Ripplewater Drive SE
Atlanta, GA 30316
Jej Collier's Subdivision
$575,000
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
3,300
SQFT
2496 Lake Drive SE
Atlanta, GA 30316
East Atlanta Estates Subdivision
$575,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,300
SQFT
2478 Lake Drive SE
Atlanta, GA 30316
East Atlanta Estates Subdivision
$575,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,300
SQFT
2488 Lake Drive SE
Atlanta, GA 30316
East Atlanta Estates Subdivision
New Listing - a week online
$574,999
Single Family Home For Sale
Active Under Contract
4
BED
4
TOTAL BATHS
4,000
SQFT
1403 Newton Avenue SE
Atlanta, GA 30316
 
New Listing - 3 weeks online
$539,800
Single Family Home For Sale
Pending
4
BED
4
TOTAL BATHS
3,652
SQFT
86 Moreland Avenue SE
Atlanta, GA 30316
Reynoldstown Subdivision
$524,000
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
1,472
SQFT
508 Glenwood Place SE
Atlanta, GA 30316
Ormewood Park Subdivision
$499,900
Single Family Home For Sale
Pending
2
BED
3
TOTAL BATHS
1,444
SQFT
100 Selman Street SE
Atlanta, GA 30316
Reynoldstown Subdivision
New Listing - 3 weeks online
$499,250
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,500
SQFT
819 Berne Street Southeast
Atlanta, GA 30316
Grant park Subdivision
$495,000
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
1,900
SQFT
175 Moreland Avenue SE
Atlanta, GA 30316
 
New Listing - 3 days online
$495,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,950
SQFT
1089 Fayetteville Road SE
Atlanta, GA 30316
Georgia Consolidated Coning Co Subdivision
$489,900
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
1,524
SQFT
878 Woodland Avenue SE
Atlanta, GA 30316
Ormewood Park Subdivision
$485,000
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
2,413
SQFT
1256 Eastland Road SE
Atlanta, GA 30316
East Atlanta Subdivision
$479,000
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
2,260
SQFT
2035 Cloverdale Drive SE
Atlanta, GA 30316
East Atlanta Subdivision
New Listing - 2 days online
$479,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,443
SQFT
923 Woodland Avenue SE
Atlanta, GA 30316
Ormewood Park Subdivision
Price Change - 3 days ago
$478,100
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,270
SQFT
Pontiac Place #20
954 Rittenhouse Way
Atlanta, GA 30316
$478,000
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,660
SQFT
Pontiac Place #LOT 21
958 Rittenhouse Way
Atlanta, GA 30316
$475,100
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,770
SQFT
946 Rittenhouse Way
Atlanta, GA 30316
PONTIAC PLACE Subdivision
New Listing - 3 weeks online
$472,000
Single Family Home For Sale
Pending
3
BED
2
TOTAL BATHS
1,800
SQFT
1106 Shelby Place SE
Atlanta, GA 30316
Woodland Hills Subdivision
New Listing - 6 hours online
$469,200
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,125
SQFT
1306 Oak Grove Avenue SE
Atlanta, GA 30316
East Atlanta Village Subdivision
Price Change - 2 weeks ago
$465,000
Single Family Home For Sale
Pending
2
BED
2
TOTAL BATHS
1,902
SQFT
200 Powell Street SE
Atlanta, GA 30316
Cabbagetown Subdivision
$456,200
Single Family Home For Sale
Pending
4
BED
3
TOTAL BATHS
2,770
SQFT
Pontiac #Lot 13
933 Rittenhouse Way
Atlanta, GA 30316
$450,000
Single Family Home For Sale
Pending
3
BED
1
TOTAL BATHS
1,216
SQFT
845 Marcus Street NE
Atlanta, GA 30316
Reynoldstown Subdivision
New Listing - 2 weeks online
$450,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,772
SQFT
889 Moreland Avenue SE
Atlanta, GA 30316
Ormewood Subdivision
New Listing - 2 weeks online
$450,000
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,936
SQFT
2315 Cloverdale Drive SE
Atlanta, GA 30316
East Atlanta Subdivision
Price Change - 3 weeks ago
$450,000
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,692
SQFT
465 Hemlock Circle SE
Atlanta, GA 30316
N/A Subdivision
New Listing - a week online
$449,999
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
2,517
SQFT
1831 Stoney Creek Drive SE
Atlanta, GA 30316
Preserve At East Atlanta Subdivision
Price Change - 4 weeks ago
$449,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,313
SQFT
923 United Avenue SE
Atlanta, GA 30316
Grant Park Subdivision
$443,100
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
2,186
SQFT
Pontiac Place #LOT 11
941 Rittenhouse Way
Atlanta, GA 30316
Price Change - 3 days ago
$434,500
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,186
SQFT
Pontiac Place #LOT 10
945 Rittenhouse Way
Atlanta, GA 30316
$429,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,798
SQFT
2205 Cavanaugh Avenue SE
Atlanta, GA 30316
East Atlanta Subdivision
Price Change - 3 weeks ago
$429,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,230
SQFT
927 United Avenue SE
Atlanta, GA 30316
Grant Park Subdivision
$425,700
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
2,030
SQFT
Pontiac #Lot 12
937 Rittenhouse Way
Atlanta, GA 30316
New Listing - yesterday
$425,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,412
SQFT
767 Maynard Terrace SE
Atlanta, GA 30316
BRAE BURN HEIGHTS Subdivision
Open House Sat, Jan 23, 1 PM UTC
Please verify times due to COVID-19
$421,145
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,030
SQFT
Pontiac #Lot 8
953 Rittenhouse Way
Atlanta, GA 30316
Price Change - 3 days ago
$421,076
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,030
SQFT
Pontiac #Lot 9
949 Rittenhouse Way
Atlanta, GA 30316
New Listing - 2 weeks online
$420,000
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
2,010
SQFT
1401 Orange Blossom Terrace SE
Atlanta, GA 30316
East Atlanta Subdivision
Open House Sat, Jan 23, 1 PM UTC
Please verify times due to COVID-19
$419,701
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,030
SQFT
Pontiac #lot 7
957 Rittenhouse Way
Atlanta, GA 30316