Is 31008, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31008 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 31008 was a Seller's Market.

Key Takeaway

31008 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 31008, GA

How much do homes in 31008, GA cost?

Median Sold Price

$242,950

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$7,050(-2.8%)

Key Takeaway

Homes in 31008 have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in 31008 was $242,950 in November 2024, down 2.8% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $193K$190K
-1.6%
3 $231.4K$237.6K
+2.7%
4 $280K$301.9K
+7.8%
5+ $309K$379K
+22.7%

Summary: 31008 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 decreased by 1.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 22.7%.

Median Sold Price Compared To Nearby Zip Codes

31093
+9.1%
31030
+7.2%
31028
+5.5%
31216
0.2%
31008
-2.8%

Housing Supply in 31008, GA

How many homes are available in 31008, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
9698+2.1%

Summary: The 31008 real estate market had 98 homes for sale in November 2024, a 2.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 5859
+1.7%
4 2627
+3.8%
5+ 89
+12.5%

Summary: The 31008 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 decreased by 25%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
189-50.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31008, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in 31008 in November 2024, down by 50.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.

Days on Market for 31008, GA

How long does it take to sell a home in 31008, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
19 Days51 Days+159.7%

Summary: Homes in 31008 had an average of 51 days on market in Nov 2024, up by 159.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 31008 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 9 homes were sold in 31008; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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