Is 31093, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31093 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 31093 has remained a Seller's Market.

Key Takeaway

31093 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 31093, GA

How much do homes in 31093, GA cost?

Median Sold Price

$182,000

$115/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$25,400(+16.2%)

Key Takeaway

Homes in 31093 have sold for 16.2% more than they did a year ago.

Summary: The median home sold price in 31093 was $182,000 in October 2024, up 16.2% from last year, and the median price per square foot was $115.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$149.9K
N/A
2 $85K$110.2K
+29.7%
3 $147.5K$160.5K
+8.8%
4 $219K$254.8K
+16.4%
5+ $187K$284K
+51.9%

Summary: 31093 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 29.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 51.9%.

Median Sold Price Compared To Nearby Zip Codes

31093
+16.2%
31028
+3.0%
31088
+2.3%
31216
+0.6%

Housing Supply in 31093, GA

How many homes are available in 31093, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
93106+14.0%

Summary: The 31093 real estate market had 106 homes for sale in October 2024, a 14.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 01
+100.0%
2 65
-16.7%
3 5668
+21.4%
4 2829
+3.6%
5+ 33
0.0%

Summary: The 31093 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1319+46.2%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31093, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in 31093 in October 2024, up by 46.2% month-over-month. Of the 15 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% were sold over asking.

Days on Market for 31093, GA

How long does it take to sell a home in 31093, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days23 Days+15.2%

Summary: Homes in 31093 had an average of 23 days on market in Oct 2024, up by 15.2% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 31093 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 19 homes were sold in 31093; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% 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

Newest Listings in 31093, GA

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