Is 31069, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31069 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 31069 has remained a Buyer's Market.

Key Takeaway

31069 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 31069, GA

How much do homes in 31069, GA cost?

Median Sold Price

$289,500

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$5,025(-1.7%)

Key Takeaway

Homes in 31069 have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in 31069 was $289,500 in October 2024, down 1.7% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $233.7K$168.5K
-27.9%
3 $237.8K$258K
+8.5%
4 $299.9K$303.2K
+1.1%
5+ $315.1K$323.7K
+2.7%

Summary: 31069 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 decreased by 27.9%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 2.7%.

Median Sold Price Compared To Nearby Zip Codes

31069
-1.7%
31047
-4.7%

Housing Supply in 31069, GA

How many homes are available in 31069, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
146156+6.8%

Summary: The 31069 real estate market had 156 homes for sale in October 2024, a 6.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1110
-9.1%
3 4353
+23.3%
4 6665
-1.5%
5+ 2628
+7.7%

Summary: The 31069 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 9.1%, 3 bedroom homes increased by 23.3%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2017-15.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31069, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 31069 in October 2024, down by 15.0% month-over-month. Of the 15 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for 31069, GA

How long does it take to sell a home in 31069, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days19 Days-32.6%

Summary: Homes in 31069 had an average of 19 days on market in Oct 2024, down by 32.6% compared to last year.

Breakdown of Home Sale Times

14 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 31069 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 31069; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% 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 16 Days Ago

Newest Listings in 31069, GA

Nearby Markets to 31069, GA