Is 31522, 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, 31522 has remained a Seller's Market.
Key Takeaway
31522 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31522, GA
How much do homes in 31522, GA cost?
Median Sold Price
$668,500
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 31522 have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in 31522 was $668,500 in March 2024, up 6.7% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $427.5K | $311.5K | -27.1% |
| 2 Bedrooms | $380.5K | $385.7K | +1.4% |
| 3 Bedrooms | $618.7K | $630K | +1.8% |
| 4 Bedrooms | $689.5K | $875K | +26.9% |
| 5+ Bedrooms | $1.5M | $905K | -41.6% |
Summary: 31522 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.1%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 26.9%, and 5+ bedroom homes decreased by 41.6%.
Median Sold Price Compared To Nearby Zip Codes
| 31525 | $296.9K | $322.7K | +8.7% |
| 31522 | $626.5K | $668.5K | +6.7% |
Housing Supply in 31522, GA
How many homes are available in 31522, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 67 | +3.1% |
Summary: The 31522 real estate market had 67 homes for sale in March 2024, a 3.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 11 | +22.2% |
| 3 Bedrooms | 23 | 20 | -13.0% |
| 4 Bedrooms | 24 | 24 | 0.0% |
| 5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The 31522 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 22.2%, 3 bedroom homes decreased by 13%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 31522, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 31522 in March 2024, down by 13.3% month-over-month. Of the 11 sold homes, 55% were sold under asking, 36% were sold at asking, and 9% were sold over asking.
Days on Market for 31522, GA
How long does it take to sell a home in 31522, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 76 Days | 33 Days | -55.7% |
Summary: Homes in 31522 had an average of 33 days on market in Mar 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 31522 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in 31522; 62% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
