Is 31220, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, 31220 was a Neutral Market.
Housing Prices in 31220, GA
How much do homes in 31220, GA cost?
Median Sold Price
$249,250
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 31220 was $249,250 in March 2024, up 13.3% from last year, and the median price per square foot was $130.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $253K | - | N/A |
2 Bedrooms | $165.2K | $220K | +33.1% |
3 Bedrooms | $180K | $198.7K | +10.4% |
4 Bedrooms | $325K | $327.4K | +0.8% |
5+ Bedrooms | $412.5K | $460K | +11.5% |
Summary: 31220 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 increased by 33.1%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 11.5%.
Housing Supply in 31220, GA
How many homes are available in 31220, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 72 | +16.1% |
Summary: The 31220 real estate market had 72 homes for sale in March 2024, a 16.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 29 | 35 | +20.7% |
4 Bedrooms | 27 | 29 | +7.4% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The 31220 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 100%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 8 | -38.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in 31220 in March 2024, down by 38.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for 31220, GA
How long does it take to sell a home in 31220, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 45 Days | -27.6% |
Summary: Homes in 31220 had an average of 45 days on market in Mar 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in 31220; 75% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.