Is 31005, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31005 is a buyer's market

Buyer's
Market

Difference Since May 2021

At the same time last year, 31005 was a Seller's Market.

Key Takeaway

31005 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in 31005, GA cost?

Median Sold Price

$254,465

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$27,840(+12.3%)

Key Takeaway

Homes in 31005 have sold for 12.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $182.5K-
N/A
2 --
N/A
3 $173K$200K
+15.6%
4 $255K$310K
+21.6%
5+ $313.4K$369.9K
+18.0%

Median Sold Price Compared To Nearby Zip Codes

31047
+15.9%
31088
+13.5%
31005
+12.3%

How many homes are available in 31005, GA?

Number of Homes For Sale

Apr 2022May 2022%
72116+61.1%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 00
0.0%
3 1737
+117.6%
4 3951
+30.8%
5+ 1628
+75.0%

Number of Homes Sold

Apr 2022May 2022%
312+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31005, expect to pay close to the asking price. 36.4% of homes here sold near the asking price last month.

Average Sale Time

May 2021May 2022%
6 Days9 Days+40.9%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 31005 are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About 31005, GA

Number of homes for sale in 31005, GA real estate market have reached 116. The number of listings in 31005, GA increased by 61.1% between April 2022 and May 2022. In May 2022 median list price was $254,465 and the average listing age was 9 days. This housing market listing prices have changed between April 2022 and May 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 0%, the cost of 3 bedrooms properties went up by 15.6%, the cost of 4 bedrooms properties went up by 21.6%, prices of 5 bedrooms properties went up by 18%. This housing market inventory have changed: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes remained the same, 3 bedrooms homes inventory increased by 117.6%, volume of 4 bedrooms homes went up by 30.8%, volume of 5 bedrooms homes went up by 75%. Over 4 listings were sold over their listed price in May 2022 in 31005, GA. In the same period over 3 listings were sold below the listed price and 4 listings were sold for the listed price.