Homes in Forsyth County sold for a median price of $366,251 in the last year, but there are still some ZIP codes where you can find a bargain, according to the AJC 2020 Metro Atlanta Home Sales Report.
The home sales report found that 5,814 new and existing homes sold from May 1, 2019, to April 30, 2020, in Forsyth County, according to data supplied by Smart Real Estate Data of Marietta. The median price of a home there increased 0.4 percent from the same 12-month period a year earlier.
Steep changes in year-over-year data may reflect the impact of the coronavirus pandemic on the number of homes listed and sold beginning in March 2020. Sales numbers taken from earlier this year show median home prices for Forsyth County rose by 1.7 percent for the 12 months ending February 29, 2020 when compared to the same 12-month period a year earlier.
The median price of homes sold in an area is considered a better reflection of what consumers will find in the marketplace. Median price indicates that half the homes were priced above and half below the midpoint. An average number can be distorted by a few wildly expensive or very inexpensive home sales.
According to the AJC 2020 Metro Atlanta Home Sales Report, these are the five most affordable ZIP codes in Forsyth County based on median sales price:
1. 30534 - $293,000
In the year that ended April 30, 2020, 22 homes sold in 30534 ZIP code, which includes parts of the following area: Dawsonville
The median sales price of $293,000 is an decrease of 0.5 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $136.
2. 30506 - $309,495
In the year that ended April 30, 2020, 304 homes sold in 30506 ZIP code, which includes parts of the following area: Gainesville
The median sales price of $309,495 is an increase of 5.3 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $126.
3. 30028 - $318,205
In the year that ended April 30, 2020, 824 homes sold in 30028 ZIP code, which includes parts of the following area: Cumming
The median sales price of $318,205 is an increase of 1 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $117.
4. 30107 - $332,465
In the year that ended April 30, 2020, 40 homes sold in 30107 ZIP code, which includes parts of the following areas: Canton, Nelson and Ball Ground
The median sales price of $332,465 is an increase of 5 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $123.
5. 30004 - $340,000
In the year that ended April 30, 2020, 303 homes sold in 30004 ZIP code, which includes parts of the following areas: Milton, Alpharetta and Roswell
The median sales price of $340,000 is an decrease of 2.8 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $140.
Around the six-county metro Atlanta area, including DeKalb, Cobb, Fulton, Gwinnett, Forsyth and Clayton, 71,307 homes were sold in the year ending April 30, 2020, an 6.6 percent decrease from the previous year.
Since 1996, Smart Real Estate Data has been a widely regarded source for residential real estate data in the Southeast. The business provides data to builders, developers, appraisers and bankers. It now covers markets in Georgia, Florida and the Carolinas.
This article was generated automatically by AJC Bot, a computer software application that analyzed structured information, such as data, and applied it to text articles based on templates that were created by AJC writers and editors. An AJC editor reviewed the work before publishing. You can report errors or bugs to homesalesreport@coxinc.com. For more: How the AJC Bot was used for articles in the AJC 2020 Metro Atlanta Home Sales Report.
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