Is 31313, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 31313 has remained a Seller's Market.
Key Takeaway
31313 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31313, GA
How much do homes in 31313, GA cost?
Median Sold Price
$254,971
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 31313 have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in 31313 was $254,971 in April 2024, up 7.7% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $90K | $105K | +16.7% |
| 3 Bedrooms | $209.9K | $221.6K | +5.6% |
| 4 Bedrooms | $269K | $281K | +4.5% |
| 5+ Bedrooms | $329.5K | $320K | -2.9% |
Summary: 31313 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 16.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 2.9%.
Housing Supply in 31313, GA
How many homes are available in 31313, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 217 | 222 | +2.3% |
Summary: The 31313 real estate market had 222 homes for sale in April 2024, a 2.3% 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 101 | 102 | +1.0% |
| 4 Bedrooms | 95 | 96 | +1.1% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The 31313 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 increased by 1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 60 | 54 | -10.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31313, you could pay more than the asking price. 44.2% of homes here sold above asking price last month.
Summary: A total of 54 homes were sold or pending in 31313 in April 2024, down by 10.0% month-over-month. Of the 52 sold homes, 17% were sold under asking, 38% were sold at asking, and 44% were sold over asking.
Days on Market for 31313, GA
How long does it take to sell a home in 31313, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 7 Days | 51 Days | +572.2% |
Summary: Homes in 31313 had an average of 51 days on market in Apr 2024, up by 572.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 31313 has remained consistent over time.
Summary: During April 2024, 54 homes were sold in 31313; 6% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
