Is 31201, 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, 31201 has remained a Buyer's Market.
Housing Prices in 31201, GA
How much do homes in 31201, GA cost?
Median Sold Price
$123,000
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 31201 was $123,000 in March 2024, down 12.1% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $110K | N/A |
2 Bedrooms | $135K | $42K | -68.9% |
3 Bedrooms | $118.5K | $127.7K | +7.8% |
4 Bedrooms | $215.5K | $192K | -10.9% |
5+ Bedrooms | $330K | $129K | -60.9% |
Summary: 31201 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 decreased by 68.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 60.9%.
Housing Supply in 31201, GA
How many homes are available in 31201, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 41 | +5.1% |
Summary: The 31201 real estate market had 41 homes for sale in March 2024, a 5.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 12 | 13 | +8.3% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 5 | 3 | -40.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 31201 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in 31201 in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for 31201, GA
How long does it take to sell a home in 31201, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 141 Days | +244.4% |
Summary: Homes in 31201 had an average of 141 days on market in Mar 2024, up by 244.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in 31201; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.