Is 31525, 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, 31525 has remained a Seller's Market.
Key Takeaway
31525 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31525, GA
How much do homes in 31525, GA cost?
Median Sold Price
$322,750
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 31525 have sold for 8.7% more than they did a year ago.
Summary: The median home sold price in 31525 was $322,750 in March 2024, up 8.7% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $242K | $260K | +7.4% |
| 3 Bedrooms | $267.5K | $275.9K | +3.2% |
| 4 Bedrooms | $333.7K | $385K | +15.4% |
| 5+ Bedrooms | $345K | $520K | +50.7% |
Summary: 31525 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 7.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 50.7%.
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 31525, GA
How many homes are available in 31525, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 49 | 41 | -16.3% |
Summary: The 31525 real estate market had 41 homes for sale in March 2024, a 16.3% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 22 | 18 | -18.2% |
| 4 Bedrooms | 19 | 15 | -21.1% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The 31525 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 25%, 3 bedroom homes decreased by 18.2%, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31525, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in 31525 in March 2024, the same as the previous month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for 31525, GA
How long does it take to sell a home in 31525, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 132 Days | 73 Days | -44.6% |
Summary: Homes in 31525 had an average of 73 days on market in Mar 2024, down by 44.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 31525 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in 31525; 45% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
