Is 31023, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 31023 has remained a Buyer's Market.
Key Takeaway
31023 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 31023, GA
How much do homes in 31023, GA cost?
Median Sold Price
$170,500
$89/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 31023 have sold for 36.4% more than they did a year ago.
Summary: The median home sold price in 31023 was $170,500 in April 2024, up 36.4% from last year, and the median price per square foot was $89.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $31.5K | $48K | +52.4% |
| 2 Bedrooms | $63.7K | $94K | +47.5% |
| 3 Bedrooms | $125K | $144.5K | +15.6% |
| 4 Bedrooms | $189K | $218K | +15.3% |
| 5+ Bedrooms | $430K | $360K | -16.3% |
Summary: 31023 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.4%, 2 bedroom homes increased by 47.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 16.3%.
Housing Supply in 31023, GA
How many homes are available in 31023, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 45 | 44 | -2.2% |
Summary: The 31023 real estate market had 44 homes for sale in April 2024, a 2.2% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 25 | 26 | +4.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The 31023 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 31023, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in 31023 in April 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for 31023, GA
How long does it take to sell a home in 31023, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 35 Days | 100 Days | +184.8% |
Summary: Homes in 31023 had an average of 100 days on market in Apr 2024, up by 184.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 31023 has remained consistent over time.
Summary: During April 2024, 5 homes were sold in 31023; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
