Is 31811, 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, 31811 has remained a Seller's Market.
Key Takeaway
31811 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31811, GA
How much do homes in 31811, GA cost?
Median Sold Price
$334,999
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 31811 have sold for 11.5% less than they did a year ago.
Summary: The median home sold price in 31811 was $334,999 in March 2024, down 11.5% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $385K | $365K | -5.2% |
| 3 Bedrooms | $275K | $330K | +20.0% |
| 4 Bedrooms | $379.9K | $314.9K | -17.1% |
| 5+ Bedrooms | $561.7K | $388.7K | -30.8% |
Summary: 31811 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 5.2%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes decreased by 30.8%.
Median Sold Price Compared To Nearby Zip Codes
| 31808 | $365K | $469.9K | +28.7% |
| 31811 | $378.7K | $334.9K | -11.5% |
| 31822 | $320K | $280K | -12.5% |
Housing Supply in 31811, GA
How many homes are available in 31811, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The 31811 real estate market had 9 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The 31811 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 decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31811, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in 31811 in March 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 31811, GA
How long does it take to sell a home in 31811, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 3 Days | 3 Days | +16.7% |
Summary: Homes in 31811 had an average of 3 days on market in Mar 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 31811 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in 31811; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
