Is 31408, 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, 31408 was a Seller's Market.
Key Takeaway
31408 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 31408, GA
How much do homes in 31408, GA cost?
Median Sold Price
$257,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 31408 have sold for 25.4% more than they did a year ago.
Summary: The median home sold price in 31408 was $257,000 in March 2024, up 25.4% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $139.7K | $150K | +7.3% |
| 3 Bedrooms | $207.2K | $255K | +23.0% |
| 4 Bedrooms | $259.5K | $305K | +17.5% |
| 5+ Bedrooms | $263.9K | $425K | +61.0% |
Summary: 31408 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 23%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 61%.
Housing Supply in 31408, GA
How many homes are available in 31408, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Summary: The 31408 real estate market had 20 homes for sale in March 2024, a 11.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The 31408 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 50%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 31408, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 31408 in March 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 31408, GA
We’re sorry, we don't have information for this market at the moment
Based on information from the Georgia MLS © 2024.