Is 31061, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, 31061 was a Seller's Market.
Key Takeaway
31061 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 31061, GA
How much do homes in 31061, GA cost?
Median Sold Price
$250,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 31061 have sold for 2% more than they did a year ago.
Summary: The median home sold price in 31061 was $250,000 in April 2024, up 2% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $124.5K | $57.5K | -53.8% |
| 2 Bedrooms | $119.5K | $150K | +25.5% |
| 3 Bedrooms | $229.9K | $225K | -2.1% |
| 4 Bedrooms | $335K | $350K | +4.5% |
| 5+ Bedrooms | $397.5K | $319K | -19.7% |
Summary: 31061 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.8%, 2 bedroom homes increased by 25.5%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 19.7%.
Median Sold Price Compared To Nearby Zip Codes
| 31061 | $245K | $250K | +2.0% |
| 31024 | $400K | $406.5K | +1.6% |
Housing Supply in 31061, GA
How many homes are available in 31061, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 140 | 146 | +4.3% |
Summary: The 31061 real estate market had 146 homes for sale in April 2024, a 4.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 8 | 11 | +37.5% |
| 3 Bedrooms | 66 | 70 | +6.1% |
| 4 Bedrooms | 52 | 48 | -7.7% |
| 5+ Bedrooms | 13 | 14 | +7.7% |
Summary: The 31061 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 37.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 23 | -36.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31061, you may be able to get a good deal. 59.1% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in 31061 in April 2024, down by 36.1% month-over-month. Of the 22 sold homes, 59% were sold under asking, 32% were sold at asking, and 9% were sold over asking.
Days on Market for 31061, GA
How long does it take to sell a home in 31061, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 50 Days | 65 Days | +30.2% |
Summary: Homes in 31061 had an average of 65 days on market in Apr 2024, up by 30.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 31061 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 23 homes were sold in 31061; 39% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.