Homes in Atlanta sold for a median price of $315,000 in the last year, but there are always some ZIP codes that command the highest prices, according to the AJC 2020 Metro Atlanta Home Sales Report.
The home sales report found that 18,546 new and existing homes sold from May 1, 2019, to April 30, 2020, in Atlanta, according to data provided by Smart Real Estate Data of Marietta. The median price of a home there increased 6.8 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 Atlanta rose by 6.9 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 expensive ZIP codes in Atlanta based on median sales price:
1. 30327 ZIP code - $900,000
In the 12 months ending April 30, 2020, 451 homes sold in 30327, which includes parts of the following areas: Atlanta and Sandy Springs.
The median sales price of $900,000 is a decrease of 1.6 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $222.
2. 30305 ZIP code - $648,000
In the 12 months ending April 30, 2020, 866 homes sold in 30305, which includes parts of the following area: Atlanta.
The median sales price of $648,000 is an increase of 21 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $274.
3. 30306 ZIP code - $625,000
In the 12 months ending April 30, 2020, 549 homes sold in 30306, which includes parts of the following areas: North Druid Hills, Atlanta and Druid Hills.
The median sales price of $625,000 is an increase of 1.6 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $305.
4. 30342 ZIP code - $567,893
In the 12 months ending April 30, 2020, 562 homes sold in 30342, which includes parts of the following areas: Atlanta and Sandy Springs.
The median sales price of $567,893 is an increase of 9.2 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $210.
5. 30319 ZIP code - $535,000
In the 12 months ending April 30, 2020, 873 homes sold in 30319, which includes parts of the following areas: Chamblee, Dunwoody, Sandy Springs, North Atlanta and Atlanta.
The median sales price of $535,000 is an increase of 5.9 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $213.
Around the six-county metro Atlanta area, including DeKalb, Cobb, Fulton, Gwinnett, Forsyth and Clayton, 18,546 homes were sold in the year ending April 2020 an 2.6 percent increase 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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