Is 31029, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 31029 has remained a Seller's Market.
Housing Prices in 31029, GA
How much do homes in 31029, GA cost?
Median Sold Price
$368,500
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 31029 was $368,500 in March 2024, up 5.1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $75K | $394.4K | +425.9% |
3 Bedrooms | $251K | $248.5K | -1.0% |
4 Bedrooms | $351.5K | $368.5K | +4.8% |
5+ Bedrooms | $550.9K | $449.9K | -18.3% |
Summary: 31029 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 425.9%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 18.3%.
Median Sold Price Compared To Nearby Zip Codes
31220 | $220K | $249.2K | +13.3% |
30216 | $250K | $277.4K | +11.0% |
31029 | $350.7K | $368.5K | +5.1% |
Housing Supply in 31029, GA
How many homes are available in 31029, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
77 | 82 | +6.5% |
Summary: The 31029 real estate market had 82 homes for sale in March 2024, a 6.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 32 | 35 | +9.4% |
5+ Bedrooms | 24 | 24 | 0.0% |
Summary: The 31029 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 18 | +38.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in 31029 in March 2024, up by 38.5% month-over-month. Of the 16 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for 31029, GA
How long does it take to sell a home in 31029, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
34 Days | 66 Days | +95.4% |
Summary: Homes in 31029 had an average of 66 days on market in Mar 2024, up by 95.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in 31029; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.