Is 31092, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31092 is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 31092 was a Seller's Market.

Key Takeaway

31092 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 31092, GA

How much do homes in 31092, GA cost?

Median Sold Price

$4,500

$8/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$174,950(-97.5%)

Key Takeaway

Homes in 31092 have sold for 97.5% less than they did a month ago.

Summary: The median home sold price in 31092 was $4,500 in April 2024, down 97.5% from last month, and the median price per square foot was $8.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 -$4.5K
N/A
2 --
N/A
3 $189.9K-
N/A
4 --
N/A
5+ $35K-
N/A

Summary: 31092 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 31092, GA

How many homes are available in 31092, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1716-5.9%

Summary: The 31092 real estate market had 16 homes for sale in April 2024, a 5.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 22
0.0%
2 22
0.0%
3 1010
0.0%
4 00
0.0%
5+ 32
-33.3%

Summary: The 31092 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31092, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in 31092 in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 31092, GA

How long does it take to sell a home in 31092, GA?

Average Sale Time

Mar 2024Apr 2024CHANGE
295 Days219 Days-25.9%

Summary: Homes in 31092 had an average of 219 days on market in Apr 2024, down by 25.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 31092 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 2 homes were sold in 31092; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 9 Days Ago

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