Is 31411, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31411 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 31411 has remained a Seller's Market.

Key Takeaway

31411 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 31411, GA

How much do homes in 31411, GA cost?

Median Sold Price

$840,000

$290/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$76,666(+10.0%)

Key Takeaway

Homes in 31411 have sold for 10% more than they did a year ago.

Summary: The median home sold price in 31411 was $840,000 in March 2024, up 10% from last year, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $446.5K$587.5K
+31.6%
3 $689K$794.5K
+15.3%
4 $865K$1.0M
+24.6%
5+ $1.5M$1.7M
+17.1%

Summary: 31411 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 31.6%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 24.6%, and 5+ bedroom homes increased by 17.1%.

Median Sold Price Compared To Nearby Zip Codes

31406
+14.7%
31411
+10.0%
31410
+4.5%
31328
-1.1%

Housing Supply in 31411, GA

How many homes are available in 31411, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
86101+17.4%

Summary: The 31411 real estate market had 101 homes for sale in March 2024, a 17.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 4253
+26.2%
4 2728
+3.7%
5+ 1214
+16.7%

Summary: The 31411 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 increased by 20%, 3 bedroom homes increased by 26.2%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1125+127.3%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31411, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 31411 in March 2024, up by 127.3% month-over-month. Of the 25 sold homes, 80% were sold under asking, 12% were sold at asking, and 8% were sold over asking.

Days on Market for 31411, GA

How long does it take to sell a home in 31411, GA?

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 31411 are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 25 homes were sold in 31411; 4% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in 31411, GA

Nearby Markets to 31411, GA