Is 31548, 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, 31548 has remained a Seller's Market.
Housing Prices in 31548, GA
How much do homes in 31548, GA cost?
Median Sold Price
$299,694
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in 31548 was $299,694 in March 2024, up 9% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $225K | N/A |
2 Bedrooms | $211.5K | $226.5K | +7.1% |
3 Bedrooms | $245K | $277.9K | +13.4% |
4 Bedrooms | $346K | $340K | -1.7% |
5+ Bedrooms | $345K | $383.5K | +11.2% |
Summary: 31548 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 7.1%, 3 bedroom homes increased by 13.4%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 11.2%.
Housing Supply in 31548, GA
How many homes are available in 31548, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
165 | 159 | -3.6% |
Summary: The 31548 real estate market had 159 homes for sale in March 2024, a 3.6% decrease 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 | 6 | 6 | 0.0% |
3 Bedrooms | 78 | 80 | +2.6% |
4 Bedrooms | 68 | 63 | -7.4% |
5+ Bedrooms | 12 | 9 | -25.0% |
Summary: The 31548 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 remained the same, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 42 | +20.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in 31548 in March 2024, up by 20.0% month-over-month. Of the 39 sold homes, 28% were sold under asking, 46% were sold at asking, and 26% were sold over asking.
Days on Market for 31548, GA
How long does it take to sell a home in 31548, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
65 Days | 74 Days | +12.3% |
Summary: Homes in 31548 had an average of 74 days on market in Mar 2024, up by 12.3% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During March 2024, 42 homes were sold in 31548; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.