$12,000
0.50 Acres
Land
Kim Logan, Listing Office: Kim and Lin Logan Real Estate
Is 31087, 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, 31087 was a Neutral Market.
Key Takeaway
31087 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 31087, GA
How much do homes in 31087, GA cost?
Median Sold Price
$425,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,500(-0.6%)
Key Takeaway
Homes in 31087 have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in 31087 was $425,000 in November 2024, down 0.6% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $140K | -39.1% |
| 2 Bedrooms | $295K | $305K | +3.4% |
| 3 Bedrooms | $415K | $473K | +14.0% |
| 4 Bedrooms | $640K | $536.5K | -16.2% |
| 5+ Bedrooms | $2.0M | $250K | -87.5% |
Summary: 31087 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.1%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 14%, 4 bedroom homes decreased by 16.2%, and 5+ bedroom homes decreased by 87.5%.
Housing Supply in 31087, GA
How many homes are available in 31087, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 47 | +2.2% |
Summary: The 31087 real estate market had 47 homes for sale in November 2024, a 2.2% increase 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 23 | 24 | +4.3% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The 31087 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 remained the same, 3 bedroom homes increased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31087, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in 31087 in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for 31087, GA
How long does it take to sell a home in 31087, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 34 Days | -42.8% |
Summary: Homes in 31087 had an average of 34 days on market in Nov 2024, down by 42.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 31087 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in 31087; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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