Is 31324, 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, 31324 has remained a Seller's Market.
Key Takeaway
31324 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31324, GA
How much do homes in 31324, GA cost?
Median Sold Price
$409,636
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 31324 have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in 31324 was $409,636 in April 2024, up 9.2% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $181K | $930K | +413.8% |
| 3 Bedrooms | $290K | $316.8K | +9.3% |
| 4 Bedrooms | $404.7K | $424.7K | +4.9% |
| 5+ Bedrooms | $486.5K | $500K | +2.8% |
Summary: 31324 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 413.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 2.8%.
Housing Supply in 31324, GA
How many homes are available in 31324, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 242 | 294 | +21.5% |
Summary: The 31324 real estate market had 294 homes for sale in April 2024, a 21.5% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 82 | 98 | +19.5% |
| 4 Bedrooms | 99 | 112 | +13.1% |
| 5+ Bedrooms | 57 | 81 | +42.1% |
Summary: The 31324 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 decreased by 25%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 42.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 60 | -11.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31324, expect to pay close to the asking price. 43.3% of homes here sold near the asking price last month.
Summary: A total of 60 homes were sold or pending in 31324 in April 2024, down by 11.8% month-over-month. Of the 60 sold homes, 35% were sold under asking, 43% were sold at asking, and 22% were sold over asking.
Days on Market for 31324, GA
How long does it take to sell a home in 31324, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 28 Days | +68.7% |
Summary: Homes in 31324 had an average of 28 days on market in Apr 2024, up by 68.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 31324 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 60 homes were sold in 31324; 7% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
