Is 31523, 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, 31523 has remained a Seller's Market.
Key Takeaway
31523 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31523, GA
How much do homes in 31523, GA cost?
Median Sold Price
$377,727
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 31523 have sold for 2.3% less than they did a year ago.
Summary: The median home sold price in 31523 was $377,727 in March 2024, down 2.3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $289K | $275.4K | -4.7% |
| 3 Bedrooms | $302.8K | $320K | +5.7% |
| 4 Bedrooms | $430.9K | $387.5K | -10.1% |
| 5+ Bedrooms | $409.9K | $507.8K | +23.9% |
Summary: 31523 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 decreased by 4.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 23.9%.
Median Sold Price Compared To Nearby Zip Codes
| 31525 | $296.9K | $322.7K | +8.7% |
| 31523 | $386.6K | $377.7K | -2.3% |
Housing Supply in 31523, GA
How many homes are available in 31523, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 35 | 0.0% |
Summary: The 31523 real estate market had 35 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The 31523 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 decreased by 100%, 3 bedroom homes increased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 6 | -25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31523, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in 31523 in March 2024, down by 25.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 31523, GA
How long does it take to sell a home in 31523, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 75 Days | 33 Days | -56.2% |
Summary: Homes in 31523 had an average of 33 days on market in Mar 2024, down by 56.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 31523 has remained consistent over time.
Summary: During March 2024, 6 homes were sold in 31523; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
