$2,969 Closing Credit*
$250,000
1,768 SqFt
3 Beds
•2 Full Baths
#246917, Listing Office: SOUTHERN CLASSIC REALTORS
Is 31216, 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, 31216 has remained a Seller's Market.
Key Takeaway
31216 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31216, GA
How much do homes in 31216, GA cost?
Median Sold Price
$261,000
$134/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,500(+0.6%)
Key Takeaway
Homes in 31216 have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in 31216 was $261,000 in October 2024, up 0.6% from last year, and the median price per square foot was $134.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $250K | $170K | -32.0% |
| 3 Bedrooms | $240K | $235K | -2.1% |
| 4 Bedrooms | $282K | $281.6K | -0.1% |
| 5+ Bedrooms | $335K | $399.5K | +19.3% |
Summary: 31216 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 decreased by 32%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 19.3%.
Housing Supply in 31216, GA
How many homes are available in 31216, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 103 | +9.6% |
Summary: The 31216 real estate market had 103 homes for sale in October 2024, a 9.6% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 39 | 45 | +15.4% |
| 4 Bedrooms | 41 | 40 | -2.4% |
| 5+ Bedrooms | 14 | 17 | +21.4% |
Summary: The 31216 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 100%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31216, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in 31216 in October 2024, up by 63.6% month-over-month. Of the 15 sold homes, 33% were sold under asking, 40% were sold at asking, and 27% were sold over asking.
Days on Market for 31216, GA
How long does it take to sell a home in 31216, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 55 Days | +70.3% |
Summary: Homes in 31216 had an average of 55 days on market in Oct 2024, up by 70.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 31216 has remained consistent over time.
Summary: During October 2024, 18 homes were sold in 31216; 39% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 17% 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.