$98,000
5.53 Acres
Land
Paul Riceman, Listing Office: Georgia Hometown Realty
Is 31085, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 31085 has remained a Seller's Market.
Key Takeaway
31085 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31085, GA
How much do homes in 31085, GA cost?
Median Sold Price
$288,500
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$93,500(+47.9%)
Key Takeaway
Homes in 31085 have sold for 47.9% more than they did a year ago.
Summary: The median home sold price in 31085 was $288,500 in October 2024, up 47.9% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $200K | $242K | +21.0% |
| 3 Bedrooms | $214.4K | $288.5K | +34.5% |
| 4 Bedrooms | $115K | $500K | +334.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: 31085 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 21%, 3 bedroom homes increased by 34.5%, 4 bedroom homes increased by 334.8%, and 5+ bedroom homes did not change.
Housing Supply in 31085, GA
How many homes are available in 31085, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Summary: The 31085 real estate market had 2 homes for sale in October 2024, a 50.0% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 31085 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 50%, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31085, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in 31085 in October 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for 31085, GA
How long does it take to sell a home in 31085, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 2 Days | 18 Days | +800.0% |
Summary: Homes in 31085 had an average of 18 days on market in Oct 2024, up by 800% 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 31085 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in 31085; 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.
