Is 31015, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31015 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 31015 was a Seller's Market.

Key Takeaway

31015 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 31015, GA

How much do homes in 31015, GA cost?

Median Sold Price

$166,000

$104/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$35,500(-17.6%)

Key Takeaway

Homes in 31015 have sold for 17.6% less than they did a year ago.

Summary: The median home sold price in 31015 was $166,000 in November 2024, down 17.6% from last year, and the median price per square foot was $104.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $250K-
N/A
2 $121.5K$92.5K
-23.9%
3 $142.5K$160K
+12.3%
4 $173.5K$592K
+241.2%
5+ $251K$340K
+35.5%

Summary: 31015 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 23.9%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 241.2%, and 5+ bedroom homes increased by 35.5%.

Housing Supply in 31015, GA

How many homes are available in 31015, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3133+6.5%

Summary: The 31015 real estate market had 33 homes for sale in November 2024, a 6.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1815
-16.7%
4 711
+57.1%
5+ 33
0.0%

Summary: The 31015 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 increased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31015, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in 31015 in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.

Days on Market for 31015, GA

How long does it take to sell a home in 31015, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
156 Days226 Days+44.5%

Summary: Homes in 31015 had an average of 226 days on market in Nov 2024, up by 44.5% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 31015 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 3 homes were sold in 31015; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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 21 Days Ago

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