Is 31405, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 31405 has remained a Seller's Market.
Housing Prices in 31405, GA
How much do homes in 31405, GA cost?
Median Sold Price
$390,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 31405 was $390,000 in March 2024, up 1% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45K | $317.5K | +605.6% |
2 Bedrooms | $237.4K | $208.5K | -12.2% |
3 Bedrooms | $344.8K | $350K | +1.5% |
4 Bedrooms | $489K | $490K | 0.2% |
5+ Bedrooms | $702.1K | $600K | -14.5% |
Summary: 31405 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 605.6%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 14.5%.
Housing Supply in 31405, GA
How many homes are available in 31405, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
179 | 191 | +6.7% |
Summary: The 31405 real estate market had 191 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 26 | 24 | -7.7% |
3 Bedrooms | 88 | 97 | +10.2% |
4 Bedrooms | 42 | 52 | +23.8% |
5+ Bedrooms | 22 | 17 | -22.7% |
Summary: The 31405 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 decreased by 7.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 22.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
38 | 49 | +28.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in 31405 in March 2024, up by 28.9% month-over-month. Of the 49 sold homes, 29% were sold under asking, 39% were sold at asking, and 33% were sold over asking.
Days on Market for 31405, GA
How long does it take to sell a home in 31405, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 28 Days | -57.8% |
Summary: Homes in 31405 had an average of 28 days on market in Mar 2024, down by 57.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 49 homes were sold in 31405; 10% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.