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.

.

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

$499,900
Single Family Home For Sale
Active
3
BED
683 Brownwood Avenue SE
Atlanta, GA 30316
East Atlanta Subdivision
$367,500
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
2259 Cloverdale Drive SE
Atlanta, GA 30316
East Atlanta Subdivision
$359,900
Single Family Home For Sale
Pending
3
BED
1,575
SQFT
1421 Metropolitan Avenue SE
Atlanta, GA 30316
East Atlanta Village Subdivision
$289,000
Single Family Home For Sale
Pending
2
BED
1,000
SQFT
1660 Braeburn Drive SE
Atlanta, GA 30316
East Atlanta Subdivision
$259,900
Single Family Home For Sale
Pending
2
BED
1,050
SQFT
847 Moreland Avenue SE
Atlanta, GA 30316
Ormewood Park Subdivision
$259,900
Single Family Home For Sale
Active
4
BED
960
SQFT
1490 Metropolitan Avenue SE
Atlanta, GA 30316
 
$250,000
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
948
SQFT
1369 Diamond Avenue SE
Atlanta, GA 30316
Bouldercrest Estates Subdivision
$239,900
Single Family Home For Sale
Active
3
BED
1,188
SQFT
2050 Settle Circle SE
Atlanta, GA 30316
East Atlanta Subdivision
$220,000
Single Family Home For Sale
Pending
4
BED
1,519
SQFT
2779 Horse Shoe Drive SE
Atlanta, GA 30316
Gresham Park Subdivision
$219,900
Single Family Home For Sale
Active
3
BED
1,336
SQFT
2886 Horse Shoe Drive SE
Atlanta, GA 30316
 
$219,000
Single Family Home For Sale
Active
3
BED
1,053
SQFT
2873 Gresham Road SE
Atlanta, GA 30316
PARKER RANCH Subdivision
$205,000
Single Family Home For Sale
Active
3
BED
1,417
SQFT
1927 Vicki Lane SE
Atlanta, GA 30316
Gresham Park Subdivision
$188,937
Single Family Home For Sale
Active
3
BED
1,224
SQFT
2885 Gresham Road SE
Atlanta, GA 30316
 
$186,537
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
1,242
SQFT
2996 Horse Shoe Drive SE
Atlanta, GA 30316
 
New Listing - 10 hours online
$850,000
Single Family Home For Sale
Pending
4
BED
1
TOTAL BATHS
2,592
SQFT
174 Pearl Street SE
Atlanta, GA 30316
Reynoldstown Subdivision
New Listing - 3 weeks online
$799,000
Single Family Home For Sale
Pending
4
BED
1
TOTAL BATHS
2,555
SQFT
890 Mercer Street SE
Atlanta, GA 30316
Ormewood Park Subdivision
New Listing - 2 weeks online
$769,900
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
2,700
SQFT
925 Faith Avenue SE
Atlanta, GA 30316
Glenwood Park Subdivision
New Listing - 2 weeks online
$769,000
Single Family Home For Sale
Active
4
BED
2,832
SQFT
473 Hamilton Street SE
Atlanta, GA 30316
Glenwood Park Subdivision
New Listing - 2 weeks online
$764,900
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
2,922
SQFT
482 Hamilton Street
Atlanta, GA 30316
Glenwood Park Subdivision
$759,900
Single Family Home For Sale
Pending
4
BED
1
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
4
BED
1
TOTAL BATHS
2,844
SQFT
1464 Glenwood Avenue SE
Atlanta, GA 30316
East Atlanta Village Subdivision
New Listing - 2 weeks online
$746,500
Single Family Home For Sale
Active
4
BED
2,304
SQFT
958 Wylie Street SE
Atlanta, GA 30316
Reynoldstown Subdivision
$720,000
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
2,922
SQFT
490 Hamilton Street SE
Atlanta, GA 30316
Glenwood Park Subdivision
Price Change - 3 weeks ago
$699,000
Single Family Home For Sale
Active
4
BED
1
TOTAL BATHS
2,246
SQFT
735 Kirkwood Avenue SE
Atlanta, GA 30316
Cabbagetown Subdivision
New Listing - 2 weeks online
$699,000
Single Family Home For Sale
Pending
4
BED
2,450
SQFT
131 Short Street SE
Atlanta, GA 30316
Cabbagetown Subdivision
$689,999
Single Family Home For Sale
Pending
4
BED
2,700
SQFT
126 Moreland Avenue SE
Atlanta, GA 30316
Edgewood Subdivision
New Listing - 3 weeks online
$675,000
Single Family Home For Sale
Active
4
BED
1
TOTAL BATHS
2,433
SQFT
673 Juneberry Lane SE
Atlanta, GA 30316
 
$650,000
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
1924 Glenwood Avenue SE
Atlanta, GA 30316
N/A Subdivision
$649,999
Single Family Home For Sale
Active
5
BED
4,600
SQFT
1379 Knob Hill Court SE
Atlanta, GA 30316
Ormewood Park Subdivision
Price Change - 3 weeks ago
$625,000
Single Family Home For Sale
Active
3
BED
1,599
SQFT
1133 Woodland Avenue SE
Atlanta, GA 30316
Ormewood Heights Subdivision
New Listing - 3 weeks online
$599,900
Single Family Home For Sale
Active
4
BED
2,700
SQFT
390 Maynard Terrace SE
Atlanta, GA 30316
East Atlanta Subdivision
New Listing - 2 weeks online
$599,900
Single Family Home For Sale
Active
4
BED
1
TOTAL BATHS
2,937
SQFT
669 Pasley Avenue SE
Atlanta, GA 30316
East Atlanta Subdivision
$599,000
Single Family Home For Sale
Active
4
BED
1
TOTAL BATHS
2,569
SQFT
939 Prospect Avenue SE
Atlanta, GA 30316
Ormewood Park Subdivision
$579,000
Single Family Home For Sale
Active
4
BED
1
TOTAL BATHS
2,582
SQFT
1018 Custer Avenue
Atlanta, GA 30316
Woodlawn Estates Subdivision
New Listing - 4 weeks online
$575,000
Single Family Home For Sale
Pending
4
BED
1
TOTAL BATHS
2,400
SQFT
750 Brownwood Avenue SE
Atlanta, GA 30316
East Atlanta Subdivision
Price Change - 2 weeks ago
$569,500
Single Family Home For Sale
Active
2
BED
1,522
SQFT
593 Gaskill Street SE
Atlanta, GA 30316
Cabbagetown Subdivision
New Listing - 5 days online
$565,000
Single Family Home For Sale
Active
2
BED
1,133
SQFT
266 Berean Avenue SE
Atlanta, GA 30316
Cabbagetown Subdivision
New Listing - 3 weeks online
$565,000
Single Family Home For Sale
Pending
4
BED
2,100
SQFT
1341 Ormewood Avenue SE
Atlanta, GA 30316
Ormewood Park/East Atlanta Subdivision
$559,900
Single Family Home For Sale
Pending
4
BED
2,383
SQFT
870 Gilbert Street
Atlanta, GA 30316
Ormewood Park Subdivision
New Listing - 2 weeks online
$559,750
Single Family Home For Sale
Pending
4
BED
1
TOTAL BATHS
2,743
SQFT
1440 Sugarmill Oaks Avenue
Atlanta, GA 30316
Eastside Walk Subdivision
New Listing - 3 days online
$550,000
Single Family Home For Sale
Pending
3
BED
1
TOTAL BATHS
1,902
SQFT
863 Kirkwood Avenue SE
Atlanta, GA 30316
Reynoldstown Subdivision
$549,000
Single Family Home For Sale
Active
4
BED
1
TOTAL BATHS
2,582
SQFT
1012 Custer Avenue
Atlanta, GA 30316
Woodlawn Estates Subdivision
New Listing - 4 weeks online
$535,000
Single Family Home For Sale
Active
3
BED
1,903
SQFT
1037 Glenwood Avenue SE
Atlanta, GA 30316
North Ormewood Park Subdivision
$534,900
Single Family Home For Sale
Pending
5
BED
2039 River Birch Lane
Atlanta, GA 30316
The Forest at East Lake Subdivision
$525,650
Single Family Home For Sale
Pending
5
BED
1
TOTAL BATHS
1932 River Birch Lane
Atlanta, GA 30316
The Forest at East Lake Subdivision
New Listing - 4 weeks online
$525,000
Single Family Home For Sale
Active
3
BED
1,760
SQFT
105 Moreland Avenue SE
Atlanta, GA 30316
Reynoldstown Subdivision
$521,650
Single Family Home For Sale
Pending
4
BED
1916 River Birch Lane
Atlanta, GA 30316
The Forest at East Lake Subdivision
New Listing - 3 weeks online
$519,900
Single Family Home For Sale
Active
4
BED
2,500
SQFT
836 Fayetteville Road SE
Atlanta, GA 30316
 
New Listing - yesterday
$514,950
Single Family Home For Sale
Pending
4
BED
1
TOTAL BATHS
2,743
SQFT
1428 Sugarmill Oaks Avenue
Atlanta, GA 30316
Eastside Walk Subdivision
Open House 04/11 at 1PM
Please verify times due to COVID-19
$514,950
Single Family Home For Sale
Active
4
BED
1
TOTAL BATHS
2,743
SQFT
2675 Sugar Mill Drive
Atlanta, GA 30316
Eastside Walk Subdivision
New Listing - 5 days online
$514,900
Single Family Home For Sale
Pending
4
BED
2,020
SQFT
1669 Newton Avenue
Atlanta, GA 30316
East Atlanta Subdivision
$504,950
Single Family Home For Sale
Pending
4
BED
1
TOTAL BATHS
2,743
SQFT
1408 Sugarmill Oaks Avenue
Atlanta, GA 30316
Eastside Walk Subdivision
Price Change - 3 weeks ago
$499,999
Single Family Home For Sale
Pending
3
BED
1,700
SQFT
1577 May Avenue SE
Atlanta, GA 30316
 
New Listing - a week online
$499,900
Single Family Home For Sale
Pending
4
BED
2,304
SQFT
452 Greencove Lane SE
Atlanta, GA 30316
East Atlanta Subdivision
$499,000
Single Family Home For Sale
Pending
3
BED
1,779
SQFT
1151 Eden Avenue
Atlanta, GA 30316
Ormewood Park Subdivision
New Listing - 2 weeks online
$499,000
Single Family Home For Sale
Active
2
BED
157 Powell Street SE
Atlanta, GA 30316
Cabbagetown Subdivision
Open House 04/11 at 1PM
Please verify times due to COVID-19
$498,590
Single Family Home For Sale
Active
4
BED
1
TOTAL BATHS
2,576
SQFT
1402 Sugarmill Oaks Avenue
Atlanta, GA 30316
Eastside Walk Subdivision
$495,000
Single Family Home For Sale
Active
2
BED
1,900
SQFT
175 Moreland Avenue SE
Atlanta, GA 30316
 
$494,900
Single Family Home For Sale
Pending
5
BED
1
TOTAL BATHS
2,700
SQFT
1915 River Birch Lane
Atlanta, GA 30316
The Forest at East Lake Subdivision
$491,220
Single Family Home For Sale
Pending
4
BED
1
TOTAL BATHS
2,743
SQFT
1446 Sugarmill Oaks Avenue
Atlanta, GA 30316
Eastside Walk Subdivision