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 February 2023

At the same time last year, 31005 was a Neutral Market.

Key Takeaway

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

Housing Prices in 31005, GA

How much do homes in 31005, GA cost?

Median Sold Price

$310,000

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$55,000(+21.6%)

Key Takeaway

Homes in 31005 have sold for 21.6% more than they did a year ago.

Summary: The median home sold price in 31005 was $310,000 in February 2024, up 21.6% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $227.5K$255.5K
+12.3%
4 $290.7K$331.2K
+13.9%
5+ $421.9K$400K
-5.2%

Summary: 31005 housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes decreased by 5.2%.

Median Sold Price Compared To Nearby Zip Codes

31005
+21.6%
31047
+7.2%
31088
+6.3%
31014
-20.0%

Housing Supply in 31005, GA

How many homes are available in 31005, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
86114+32.6%

Summary: The 31005 real estate market had 114 homes for sale in February 2024, a 32.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2545
+80.0%
4 4148
+17.1%
5+ 2021
+5.0%

Summary: The 31005 housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 80%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
612+100.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31005, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 31005 in February 2024, up by 100.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for 31005, GA

How long does it take to sell a home in 31005, GA?

Average Sale Time

Feb 2023Feb 2024CHANGE
12 Days55 Days+349.3%

Summary: Homes in 31005 had an average of 55 days on market in Feb 2024, up by 349.3% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 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.

Summary: During February 2024, 12 homes were sold in 31005; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

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

Report Updated 27 Days Ago

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