Is 31305, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 31305 was a Buyer's Market.
Key Takeaway
31305 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31305, GA
How much do homes in 31305, GA cost?
Median Sold Price
$270,990
$151/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in 31305 have sold for 44.4% less than they did a month ago.
Summary: The median home sold price in 31305 was $270,990 in March 2024, down 44.4% from last month, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $357K | $268.3K | -24.8% |
| 4 Bedrooms | $702.5K | $270.9K | -61.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: 31305 housing prices by bedroom type for March 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 decreased by 24.8%, 4 bedroom homes decreased by 61.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 31331 | $240K | $335K | +39.6% |
| 31305 | $487K | $270.9K | -44.4% |
Housing Supply in 31305, GA
How many homes are available in 31305, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 37 | 42 | +13.5% |
Summary: The 31305 real estate market had 42 homes for sale in March 2024, a 13.5% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 24 | 27 | +12.5% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The 31305 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31305, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in 31305 in March 2024, up by 125.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 44% were sold at asking, and 0% were sold over asking.
Days on Market for 31305, GA
How long does it take to sell a home in 31305, GA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 114 Days | 107 Days | -6.1% |
Summary: Homes in 31305 had an average of 107 days on market in Mar 2024, down by 6.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 31305 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in 31305; 22% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
