Is Powder Springs, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Powder Springs has remained a Seller's Market.
Housing Prices in Powder Springs, GA
How much do homes in Powder Springs, GA cost?
Median Sold Price
$369,575
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Powder Springs was $369,575 in February 2024, up 2.8% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $145K | N/A |
2 Bedrooms | $275K | $321.2K | +16.8% |
3 Bedrooms | $310K | $325K | +4.8% |
4 Bedrooms | $379.5K | $394.9K | +4.1% |
5+ Bedrooms | $535.4K | $562.5K | +5.1% |
Summary: Powder Springs housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.8%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 5.1%.
Housing Supply in Powder Springs, GA
How many homes are available in Powder Springs, GA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
272 | 301 | +10.7% |
Summary: The Powder Springs real estate market had 301 homes for sale in February 2024, a 10.7% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 19 | 21 | +10.5% |
3 Bedrooms | 70 | 89 | +27.1% |
4 Bedrooms | 106 | 121 | +14.2% |
5+ Bedrooms | 77 | 70 | -9.1% |
Summary: The Powder Springs housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10.5%, 3 bedroom homes increased by 27.1%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
61 | 70 | +14.8% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 70 homes were sold or pending in Powder Springs in February 2024, up by 14.8% month-over-month. Of the 64 sold homes, 53% were sold under asking, 28% were sold at asking, and 19% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
66 Days | 33 Days | -49.6% |
Summary: Homes in Powder Springs had an average of 33 days on market in Feb 2024, down by 49.6% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 70 homes were sold in Powder Springs; 59% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.