Atlanta home prices keep climbing steadily. But just south of I-20, they have skyrocketed. Prices have more than doubled in the past three years in several south Atlanta neighborhoods.

Home sales in 30016

Home prices in the 30016 ZIP code have increased as the number of sales rose in the past year, according to the AJC 2020 Metro Atlanta Home Sales Report.

Over the year from May 1, 2019 to April 30, 2020, the median price of homes sold in this ZIP code was $176,000, an increase of 2.3% from the previous 12-month period.

For the 12-month period that ended in April 2020, 1,166 existing or new construction homes were sold in ZIP code 30016, according to home sales data collected by Smart Real Estate Data of Marietta. That’s a decrease of 1.4 percent over the previous 12-month period.

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. Median home prices recorded from Mar 1, 2019 to Feb 29, 2020 rose by 1.7 percent in the 30016 ZIP code compared to the previous 12 months.

ZIP code 30016 is located in Rockdale and Newton Counties and includes the following areas: Covington & Porterdale.

Total homes sold in the 30016 ZIP code during the 12-month period from May 1, 2019 to April 30, 2020 included 840 existing homes and 326 newly constructed homes. The median price for existing homes was $167,000 and for new homes $224,584 over the 12-month period.

The median price is considered best 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.

As of April 30, 2020, the supply of homes listed on the market in this ZIP code was 308 homes. That compares with 280 homes on the market on the same date a year earlier.

For the 12 months that ended April 30, sales in the 30016 ZIP code included 1,142 single-family homes and sold for a median price of $177,700, a 2.7 percent increase over the previous year.

There were 24 attached homes sold in the 30016 ZIP code for the year, with a median selling price of $150,000. The closing prices on attached homes, which include condos and townhomes, rose 35.4 percent from a year ago.

Of all homes sold in this ZIP code for the year, the median price per square foot was $93.

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.

Homes for sale in 30016 ZIP Code:

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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