$10,000 Closing Credit*
$999,000
6,028 SqFt
7 Beds
•4 Full Baths, 2 Partial
William Smith, Listing Office: Georgia Platinum Realtors, LLC.
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 2023
At the same time last year, Powder Springs was a Seller's Market.
Key Takeaway
Powder Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Powder Springs, GA
How much do homes in Powder Springs, GA cost?
Median Sold Price
$378,639
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$13,339(+3.7%)
Key Takeaway
Homes in Powder Springs have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Powder Springs was $378,639 in August 2024, up 3.7% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $145K | N/A |
| 2 Bedrooms | $321.2K | $322K | 0.2% |
| 3 Bedrooms | $320K | $327K | +2.2% |
| 4 Bedrooms | $397.9K | $389K | -2.3% |
| 5+ Bedrooms | $540K | $579K | +7.2% |
Summary: Powder Springs housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in Powder Springs, GA
How many homes are available in Powder Springs, GA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 398 | 412 | +3.5% |
Summary: The Powder Springs real estate market had 412 homes for sale in August 2024, a 3.5% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 157 | 166 | +5.7% |
| 4 Bedrooms | 139 | 135 | -2.9% |
| 5+ Bedrooms | 88 | 97 | +10.2% |
Summary: The Powder Springs housing inventory by bedroom type for August 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 5.7%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 10.2%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 112 | 66 | -41.1% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
13 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. 52.4% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Powder Springs in August 2024, down by 41.1% month-over-month. Of the 63 sold homes, 52% were sold under asking, 27% were sold at asking, and 21% were sold over asking.
Days on Market for Powder Springs, GA
How long does it take to sell a home in Powder Springs, GA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 22 Days | 37 Days | +69.6% |
Summary: Homes in Powder Springs had an average of 37 days on market in Aug 2024, up by 69.6% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
4 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 2024, 66 homes were sold in Powder Springs; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% 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.