Is 31404, 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, 31404 has remained a Seller's Market.
Key Takeaway
31404 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31404, GA
How much do homes in 31404, GA cost?
Median Sold Price
$288,100
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in 31404 have sold for 17.6% more than they did a year ago.
Summary: The median home sold price in 31404 was $288,100 in April 2024, up 17.6% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $145K | N/A |
| 2 Bedrooms | $184.5K | $240K | +30.1% |
| 3 Bedrooms | $249.9K | $289.6K | +15.9% |
| 4 Bedrooms | $335K | $369K | +10.1% |
| 5+ Bedrooms | $430K | $522.5K | +21.5% |
Summary: 31404 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 30.1%, 3 bedroom homes increased by 15.9%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 21.5%.
Housing Supply in 31404, GA
How many homes are available in 31404, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 147 | 162 | +10.2% |
Summary: The 31404 real estate market had 162 homes for sale in April 2024, a 10.2% 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 | 25 | 36 | +44.0% |
| 3 Bedrooms | 88 | 91 | +3.4% |
| 4 Bedrooms | 21 | 24 | +14.3% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The 31404 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 increased by 44%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 38 | -5.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31404, you may be able to get a good deal. 64.9% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 31404 in April 2024, down by 5.0% month-over-month. Of the 37 sold homes, 65% were sold under asking, 16% were sold at asking, and 19% were sold over asking.
Days on Market for 31404, GA
How long does it take to sell a home in 31404, GA?
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 31404 are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 38 homes were sold in 31404; 13% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Based on information from the Georgia MLS © 2024.