$4,625 Closing Credit*
$389,500
2,345 SqFt
4 Beds
•3 Full Baths, 1 Partial
#246920, Listing Office: SOUTHERN CLASSIC REALTORS
Is 31088, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 31088 was a Seller's Market.
Key Takeaway
31088 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 31088, GA
How much do homes in 31088, GA cost?
Median Sold Price
$235,333
$132/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,333(+2.3%)
Key Takeaway
Homes in 31088 have sold for 2.3% more than they did a year ago.
Summary: The median home sold price in 31088 was $235,333 in October 2024, up 2.3% from last year, and the median price per square foot was $132.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $158K | N/A |
| 2 Bedrooms | $127K | $140.7K | +10.8% |
| 3 Bedrooms | $199K | $206.5K | +3.8% |
| 4 Bedrooms | $307K | $315K | +2.6% |
| 5+ Bedrooms | $382.4K | $419.9K | +9.8% |
Summary: 31088 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 10.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 9.8%.
Housing Supply in 31088, GA
How many homes are available in 31088, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 224 | 259 | +15.6% |
Summary: The 31088 real estate market had 259 homes for sale in October 2024, a 15.6% increase 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 | 15 | 15 | 0.0% |
| 3 Bedrooms | 93 | 126 | +35.5% |
| 4 Bedrooms | 91 | 93 | +2.2% |
| 5+ Bedrooms | 25 | 25 | 0.0% |
Summary: The 31088 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 remained the same, 3 bedroom homes increased by 35.5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 38 | +8.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31088, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in 31088 in October 2024, up by 8.6% month-over-month. Of the 36 sold homes, 42% were sold under asking, 31% were sold at asking, and 28% were sold over asking.
Days on Market for 31088, GA
How long does it take to sell a home in 31088, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 43 Days | +130.8% |
Summary: Homes in 31088 had an average of 43 days on market in Oct 2024, up by 130.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 31088 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 38 homes were sold in 31088; 53% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.