Is 31410, 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, 31410 has remained a Seller's Market.
Key Takeaway
31410 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31410, GA
How much do homes in 31410, GA cost?
Median Sold Price
$405,000
$242/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 31410 have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in 31410 was $405,000 in March 2024, up 4.5% from last year, and the median price per square foot was $242.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $172.5K | $199.9K | +15.9% |
| 2 Bedrooms | $245.5K | $260K | +5.9% |
| 3 Bedrooms | $384.9K | $413.7K | +7.5% |
| 4 Bedrooms | $520K | $532.8K | +2.5% |
| 5+ Bedrooms | $645K | $760K | +17.8% |
Summary: 31410 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 17.8%.
Housing Supply in 31410, GA
How many homes are available in 31410, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 109 | 141 | +29.4% |
Summary: The 31410 real estate market had 141 homes for sale in March 2024, a 29.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 42 | 57 | +35.7% |
| 4 Bedrooms | 33 | 43 | +30.3% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 31410 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 27 | +42.1% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31410, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in 31410 in March 2024, up by 42.1% month-over-month. Of the 27 sold homes, 41% were sold under asking, 37% were sold at asking, and 22% were sold over asking.
Days on Market for 31410, GA
How long does it take to sell a home in 31410, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 2 Days | 67 Days | +3275.0% |
Summary: Homes in 31410 had an average of 67 days on market in Mar 2024, up by 3275% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 31410 has remained consistent over time.
Summary: During March 2024, 27 homes were sold in 31410; 0% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from the Georgia MLS © 2024.