Is 31088, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, 31088 was a Seller's Market.
Housing Prices in 31088, GA
How much do homes in 31088, GA cost?
Median Sold Price
$223,300
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in 31088 was $223,300 in February 2024, up 6.3% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $105K | N/A |
2 Bedrooms | $85K | $131K | +54.1% |
3 Bedrooms | $186.5K | $199K | +6.7% |
4 Bedrooms | $266.8K | $302.3K | +13.3% |
5+ Bedrooms | $376.4K | $342K | -9.2% |
Summary: 31088 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 increased by 54.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 9.2%.
Housing Supply in 31088, GA
How many homes are available in 31088, GA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
198 | 241 | +21.7% |
Summary: The 31088 real estate market had 241 homes for sale in February 2024, a 21.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 21 | 21 | 0.0% |
3 Bedrooms | 85 | 108 | +27.1% |
4 Bedrooms | 73 | 82 | +12.3% |
5+ Bedrooms | 18 | 29 | +61.1% |
Summary: The 31088 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 27.1%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 61.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
27 | 28 | +3.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in 31088 in February 2024, up by 3.7% month-over-month. Of the 28 sold homes, 32% were sold under asking, 29% were sold at asking, and 39% were sold over asking.
Days on Market for 31088, GA
How long does it take to sell a home in 31088, GA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
36 Days | 15 Days | -56.5% |
Summary: Homes in 31088 had an average of 15 days on market in Feb 2024, down by 56.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 28 homes were sold in 31088; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.