Is 31052, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31052 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 31052 was a Seller's Market.

Key Takeaway

31052 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 31052, GA

How much do homes in 31052, GA cost?

Median Sold Price

$263,000

$122/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$37,000(-12.3%)

Key Takeaway

Homes in 31052 have sold for 12.3% less than they did a year ago.

Summary: The median home sold price in 31052 was $263,000 in October 2024, down 12.3% from last year, and the median price per square foot was $122.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 -$180K
N/A
3 $230K$250K
+8.7%
4 $327.5K$345K
+5.3%
5+ $383.5K$295K
-23.1%

Summary: 31052 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 did not change, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 23.1%.

Median Sold Price Compared To Nearby Zip Codes

31206
+9.5%
31220
+1.3%
31008
-3.6%
31052
-12.3%

Housing Supply in 31052, GA

How many homes are available in 31052, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3443+26.5%

Summary: The 31052 real estate market had 43 homes for sale in October 2024, a 26.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1013
+30.0%
4 1115
+36.4%
5+ 1214
+16.7%

Summary: The 31052 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 remained the same, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31052, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 31052 in October 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for 31052, GA

How long does it take to sell a home in 31052, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days36 Days+176.9%

Summary: Homes in 31052 had an average of 36 days on market in Oct 2024, up by 176.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 31052 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in 31052; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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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