Is 31820, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31820 is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, 31820 has remained a Seller's Market.

Key Takeaway

31820 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 31820, GA

How much do homes in 31820, GA cost?

Median Sold Price

$369,200

$156/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

-$37,950(-9.3%)

Key Takeaway

Homes in 31820 have sold for 9.3% less than they did a month ago.

Summary: The median home sold price in 31820 was $369,200 in April 2024, down 9.3% from last month, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 --
N/A
4 $407.1K$361.3K
-11.2%
5+ -$528.5K
N/A

Summary: 31820 housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

31829
-0.5%
31820
-9.3%
31909
-60.1%

Housing Supply in 31820, GA

How many homes are available in 31820, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1615-6.3%

Summary: The 31820 real estate market had 15 homes for sale in April 2024, a 6.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 22
0.0%
4 1210
-16.7%
5+ 23
+50.0%

Summary: The 31820 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
440.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31820, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in 31820 in April 2024, the same as the previous month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for 31820, GA

How long does it take to sell a home in 31820, GA?

Average Sale Time

Mar 2024Apr 2024CHANGE
75 Days37 Days-50.8%

Summary: Homes in 31820 had an average of 37 days on market in Apr 2024, down by 50.8% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 31820 has remained consistent over time.

Summary: During April 2024, 4 homes were sold in 31820; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in 31820, GA

Nearby Markets to 31820, GA