Is Powder Springs, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$355,890
$170/sqft
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
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $254K | $323.1K | +27.2% |
| 3 Bedrooms | $282.5K | $320K | +13.3% |
| 4 Bedrooms | $351.2K | $387.2K | +10.2% |
| 5+ Bedrooms | $435K | $533K | +22.5% |
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 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 334 | 330 | -1.2% |
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
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 132 | 135 | +2.3% |
| 4 Bedrooms | 111 | 106 | -4.5% |
| 5+ Bedrooms | 74 | 69 | -6.8% |
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 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 113 | 99 | -12.4% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
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 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 12 Days | 20 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
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.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.