Homes in the 30040 ZIP code sold for a median price of $369,000 in April 2020, reflecting an increase of 2.1 percent from prices in April 2019, according to the AJC 2020 Metro Atlanta Home Sales Report.
For the 12-month period that ended in April 2020, 2,145 existing or new construction homes were sold in ZIP code 30040, according to home sales data collected by Smart Real Estate Data of Marietta. That's a decrease of 10.4 percent over the previous 12-month period.
Over the year from May 1, 2019 to April 30, 2020, the median price of homes sold in this ZIP code was $375,000, an increase of 0% from 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 0 percent in the 30040 ZIP code compared to the previous 12 months.
ZIP code 30040 is located in Forsyth and Cherokee Counties and includes the following area: Cumming.
Total homes sold in the 30040 ZIP code during the 12-month period from May 1, 2019 to April 30, 2020 included 1,342 existing homes and 803 newly constructed homes. The median price for existing homes was $327,250 and for new homes $420,257 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 496 homes. That compares with 719 homes on the market on the same date a year earlier.
For the 12 months that ended April 30, sales in the 30040 ZIP code included 1,982 single-family homes and sold for a median price of $387,000, a 0.5 percent increase over the previous year.
There were 163 attached homes sold in the 30040 ZIP code for the year, with a median selling price of $246,000. The closing prices on attached homes, which include condos and townhomes, rose 9.8 percent from a year ago.
Of all homes sold in this ZIP code for the year, the median price per square foot was $125.
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.
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 30040 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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