$3,468 Closing Credit*
$292,000
1,894 SqFt
3 Beds
•2 Full Baths
Rhonda, Listing Office: Lake Sinclair-Oconee Realty
Is 31061, 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, 31061 was a Seller's Market.
Key Takeaway
31061 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 31061, GA
How much do homes in 31061, GA cost?
Median Sold Price
$252,266
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$16,483(-6.1%)
Key Takeaway
Homes in 31061 have sold for 6.1% less than they did a year ago.
Summary: The median home sold price in 31061 was $252,266 in November 2024, down 6.1% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.2K | $553.9K | +534.9% |
| 2 Bedrooms | $145K | $129K | -11.0% |
| 3 Bedrooms | $231.4K | $228K | -1.5% |
| 4 Bedrooms | $367.5K | $331K | -9.9% |
| 5+ Bedrooms | $409.5K | $478.7K | +16.9% |
Summary: 31061 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 534.9%, 2 bedroom homes decreased by 11%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes increased by 16.9%.
Median Sold Price Compared To Nearby Zip Codes
| 31024 | $379.9K | $425K | +11.9% |
| 31031 | $121.5K | $120K | -1.2% |
| 31061 | $268.7K | $252.2K | -6.1% |
Housing Supply in 31061, GA
How many homes are available in 31061, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 159 | 147 | -7.5% |
Summary: The 31061 real estate market had 147 homes for sale in November 2024, a 7.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 72 | 69 | -4.2% |
| 4 Bedrooms | 55 | 48 | -12.7% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The 31061 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 14.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 21 | -32.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 31061, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in 31061 in November 2024, down by 32.3% month-over-month. Of the 18 sold homes, 56% were sold under asking, 39% were sold at asking, and 6% were sold over asking.
Days on Market for 31061, GA
How long does it take to sell a home in 31061, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 74 Days | +90.5% |
Summary: Homes in 31061 had an average of 74 days on market in Nov 2024, up by 90.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 31061 has remained consistent over time.
Summary: During November 2024, 21 homes were sold in 31061; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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