Is 31516, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, 31516 was a Neutral Market.
Housing Prices in 31516, GA
How much do homes in 31516, GA cost?
Median Sold Price
$375,000
$156/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in 31516 was $375,000 in April 2024, up 22.5% from last month, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $310K | $213K | -31.3% |
4 Bedrooms | $245.5K | $375K | +52.7% |
5+ Bedrooms | $760K | $889.5K | +17.0% |
Summary: 31516 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 31.3%, 4 bedroom homes increased by 52.7%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Zip Codes
31501 | $185K | $250K | +35.1% |
31516 | $306K | $375K | +22.5% |
Housing Supply in 31516, GA
How many homes are available in 31516, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 30 | +20.0% |
Summary: The 31516 real estate market had 30 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 9 | 15 | +66.7% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 31516 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in 31516 in April 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 31516, GA
How long does it take to sell a home in 31516, GA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 45 Days | +2.8% |
Summary: Homes in 31516 had an average of 45 days on market in Apr 2024, up by 2.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in 31516; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.