Is Powder Springs, GA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Powder Springs is a seller's market


Difference Since August 2022

Since last year, Powder Springs has remained a Seller's Market.

Key Takeaway

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

Housing Prices

How much do homes in Powder Springs, GA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Powder Springs have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Powder Springs was $355,890 in August 2023, up 11.2% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 --
2 $254K$323.1K
3 $282.5K$320K
4 $351.2K$387.2K
5+ $435K$533K

Summary: Powder Springs housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.2%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 22.5%.

Housing Supply

How many homes are available in Powder Springs, GA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Powder Springs real estate market had 330 homes for sale in August 2023, a 1.2% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 11
2 1619
3 132135
4 111106
5+ 7469

Summary: The Powder Springs housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes decreased by 6.8%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Powder Springs, you may be able to get a good deal. 35.5% of homes here sold below asking price last month.

Summary: A total of 99 homes were sold or pending in Powder Springs in August 2023, down by 12.4% month-over-month. Of the 93 sold homes, 35% were sold under asking, 35% were sold at asking, and 29% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
12 Days20 Days+67.6%

Summary: Homes in Powder Springs had an average of 20 days on market in Aug 2023, up by 67.6% compared to last year.

Breakdown of Home Sale Times

79 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Powder Springs are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 99 homes were sold in Powder Springs; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% 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 24 Days Ago

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