$1,661 Closing Credit*
$139,900
1,568 SqFt
3 Beds
•2 Full Baths
Carl Hayes, Listing Office: Drake Realty Lake Area, LLC
Is 31031, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 31031 was a Seller's Market.
Key Takeaway
31031 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 31031, GA
How much do homes in 31031, GA cost?
Median Sold Price
$120,000
$77/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,000(+0.8%)
Key Takeaway
Homes in 31031 have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in 31031 was $120,000 in October 2024, up 0.8% from last year, and the median price per square foot was $77.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | - | N/A |
| 2 Bedrooms | $110K | $122.5K | +11.4% |
| 3 Bedrooms | $110K | $134.9K | +22.6% |
| 4 Bedrooms | $193K | $65K | -66.3% |
| 5+ Bedrooms | $262.5K | $120K | -54.3% |
Summary: 31031 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 22.6%, 4 bedroom homes decreased by 66.3%, and 5+ bedroom homes decreased by 54.3%.
Median Sold Price Compared To Nearby Zip Codes
| 31031 | $119K | $120K | +0.8% |
| 31217 | $112.5K | $112.5K | 0.0% |
Housing Supply in 31031, GA
How many homes are available in 31031, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Summary: The 31031 real estate market had 10 homes for sale in October 2024, a 9.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The 31031 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 31031, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in 31031 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for 31031, GA
How long does it take to sell a home in 31031, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 60 Days | 29 Days | -51.8% |
Summary: Homes in 31031 had an average of 29 days on market in Oct 2024, down by 51.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 31031 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 31031; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
