Is 31216, 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, 31216 was a Seller's Market.
Housing Prices in 31216, GA
How much do homes in 31216, GA cost?
Median Sold Price
$250,000
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 31216 was $250,000 in April 2024, down 12.6% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $250K | $256.2K | +2.5% |
3 Bedrooms | $230K | $235K | +2.2% |
4 Bedrooms | $294K | $279.5K | -4.9% |
5+ Bedrooms | $347K | $335K | -3.5% |
Summary: 31216 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes decreased by 3.5%.
Housing Supply in 31216, GA
How many homes are available in 31216, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
94 | 95 | +1.1% |
Summary: The 31216 real estate market had 95 homes for sale in April 2024, a 1.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 41 | 37 | -9.8% |
4 Bedrooms | 42 | 46 | +9.5% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The 31216 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 increased by 100%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 11 | -45.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in 31216 in April 2024, down by 45.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% were sold over asking.
Days on Market for 31216, GA
How long does it take to sell a home in 31216, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 62 Days | +56.4% |
Summary: Homes in 31216 had an average of 62 days on market in Apr 2024, up by 56.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 11 homes were sold in 31216; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.