Is 31401, 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, 31401 was a Seller's Market.
Housing Prices in 31401, GA
How much do homes in 31401, GA cost?
Median Sold Price
$552,500
$362/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 31401 was $552,500 in March 2024, up 5.1% from last year, and the median price per square foot was $362.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $333.2K | $429.9K | +29.0% |
2 Bedrooms | $445K | $550K | +23.6% |
3 Bedrooms | $490K | $524K | +6.9% |
4 Bedrooms | $583K | $640K | +9.8% |
5+ Bedrooms | $740K | $800K | +8.1% |
Summary: 31401 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29%, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 8.1%.
Housing Supply in 31401, GA
How many homes are available in 31401, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
155 | 185 | +19.4% |
Summary: The 31401 real estate market had 185 homes for sale in March 2024, a 19.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 14 | 18 | +28.6% |
2 Bedrooms | 29 | 35 | +20.7% |
3 Bedrooms | 44 | 49 | +11.4% |
4 Bedrooms | 34 | 41 | +20.6% |
5+ Bedrooms | 34 | 42 | +23.5% |
Summary: The 31401 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 28.6%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 29 | 0.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in 31401 in March 2024, the same as the previous month. Of the 29 sold homes, 69% were sold under asking, 17% were sold at asking, and 14% were sold over asking.
Days on Market for 31401, GA
How long does it take to sell a home in 31401, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
32 Days | 63 Days | +99.0% |
Summary: Homes in 31401 had an average of 63 days on market in Mar 2024, up by 99% compared to last year.
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
Summary: During March 2024, 29 homes were sold in 31401; 7% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.