Is 31082, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31082 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 31082 has remained a Seller's Market.

Key Takeaway

31082 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 31082, GA

How much do homes in 31082, GA cost?

Median Sold Price

$175,000

$103/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in 31082 has remained the same since last year.

Summary: The median home sold price in 31082 was $175,000 in October 2024, the same as last year, and the median price per square foot was $103.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $110K$132.5K
+20.5%
3 $177.5K$170K
-4.2%
4 $149.5K$232.5K
+55.5%
5+ $320K$365K
+14.1%

Summary: 31082 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 20.5%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 55.5%, and 5+ bedroom homes increased by 14.1%.

Housing Supply in 31082, GA

How many homes are available in 31082, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2923-20.7%

Summary: The 31082 real estate market had 23 homes for sale in October 2024, a 20.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1612
-25.0%
4 87
-12.5%
5+ 31
-66.7%

Summary: The 31082 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 increased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31082, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in 31082 in October 2024, down by 16.7% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 31082, GA

How long does it take to sell a home in 31082, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
50 Days151 Days+199.6%

Summary: Homes in 31082 had an average of 151 days on market in Oct 2024, up by 199.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 31082 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 5 homes were sold in 31082; 20% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 60% 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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