$3,324 Closing Credit*
$279,900
1,658 SqFt
3 Beds
•2 Full Baths
#247357, Listing Office: GILES REALTY LLC
Is 31005, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, 31005 was a Neutral Market.
Key Takeaway
31005 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31005, GA
How much do homes in 31005, GA cost?
Median Sold Price
$308,250
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$11,750(-3.7%)
Key Takeaway
Homes in 31005 have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in 31005 was $308,250 in November 2024, down 3.7% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $195K | N/A |
| 3 Bedrooms | $259.4K | $245K | -5.6% |
| 4 Bedrooms | $330K | $359.9K | +9.1% |
| 5+ Bedrooms | $419K | $425K | +1.4% |
Summary: 31005 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in 31005, GA
How many homes are available in 31005, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 109 | 117 | +7.3% |
Summary: The 31005 real estate market had 117 homes for sale in November 2024, a 7.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 36 | 39 | +8.3% |
| 4 Bedrooms | 40 | 46 | +15.0% |
| 5+ Bedrooms | 33 | 32 | -3.0% |
Summary: The 31005 housing inventory by bedroom type for November 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 8.3%, 4 bedroom homes increased by 15%, and 5+ bedroom homes decreased by 3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 20 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31005, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in 31005 in November 2024, down by 16.7% month-over-month. Of the 20 sold homes, 25% were sold under asking, 60% were sold at asking, and 15% were sold over asking.
Days on Market for 31005, GA
How long does it take to sell a home in 31005, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 227 Days | 53 Days | -76.4% |
Summary: Homes in 31005 had an average of 53 days on market in Nov 2024, down by 76.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 31005 has remained consistent over time.
Summary: During November 2024, 20 homes were sold in 31005; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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