Is 31415, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31415 is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, 31415 has remained a Seller's Market.

Key Takeaway

31415 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 31415, GA

How much do homes in 31415, GA cost?

Median Sold Price

$172,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$12,000(+7.5%)

Key Takeaway

Homes in 31415 have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in 31415 was $172,000 in March 2024, up 7.5% from last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $90K$110K
+22.2%
2 $90K$155K
+72.2%
3 $173.5K$182K
+4.9%
4 $296.6K$224.7K
-24.2%
5+ $250K$351K
+40.4%

Summary: 31415 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 72.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 24.2%, and 5+ bedroom homes increased by 40.4%.

Median Sold Price Compared To Nearby Zip Codes

31408
+25.4%
31415
+7.5%
31401
+5.1%
31405
+1.0%

Housing Supply in 31415, GA

How many homes are available in 31415, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5259+13.5%

Summary: The 31415 real estate market had 59 homes for sale in March 2024, a 13.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 1114
+27.3%
3 3031
+3.3%
4 67
+16.7%
5+ 57
+40.0%

Summary: The 31415 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 27.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
912+33.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31415, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in 31415 in March 2024, up by 33.3% month-over-month. Of the 12 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for 31415, GA

We’re sorry, we don't have information for this market at the moment

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 31415, GA

Nearby Markets to 31415, GA