Is Powder Springs, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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 in Powder Springs, GA
How much do homes in Powder Springs, GA cost?
Median Sold Price
$371,088
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Powder Springs has remained the same since last year.
Summary: The median home sold price in Powder Springs was $371,088 in April 2024, up 0.2% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $145K | N/A |
| 2 Bedrooms | $281.1K | $330K | +17.4% |
| 3 Bedrooms | $310K | $326.7K | +5.4% |
| 4 Bedrooms | $395K | $388.8K | -1.6% |
| 5+ Bedrooms | $540K | $566K | +4.8% |
Summary: Powder Springs housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in Powder Springs, GA
How many homes are available in Powder Springs, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 312 | 366 | +17.3% |
Summary: The Powder Springs real estate market had 366 homes for sale in April 2024, a 17.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 19 | -5.0% |
| 3 Bedrooms | 103 | 137 | +33.0% |
| 4 Bedrooms | 126 | 144 | +14.3% |
| 5+ Bedrooms | 63 | 66 | +4.8% |
Summary: The Powder Springs 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 decreased by 5%, 3 bedroom homes increased by 33%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 | 92 | +33.3% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
26 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. 37.1% of homes here sold below asking price last month.
Summary: A total of 92 homes were sold or pending in Powder Springs in April 2024, up by 33.3% month-over-month. Of the 89 sold homes, 37% were sold under asking, 34% were sold at asking, and 29% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 28 Days | -26.1% |
Summary: Homes in Powder Springs had an average of 28 days on market in Apr 2024, down by 26.1% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
8 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 April 2024, 92 homes were sold in Powder Springs; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 9% 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.