Is 31217, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31217 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 31217 was a Seller's Market.

Key Takeaway

31217 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 31217, GA

How much do homes in 31217, GA cost?

Median Sold Price

$112,500

$71/sqft

Based on all homes sold in the last 12 months.

The Median Sold Price hasn't changed since October 2023.

Key Takeaway

The sold price of homes in 31217 has remained the same since last year.

Summary: The median home sold price in 31217 was $112,500 in October 2024, the same as last year, and the median price per square foot was $71.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $12K$38.5K
+220.8%
2 $35K$37.5K
+7.1%
3 $109.5K$112.5K
+2.7%
4 $151.2K$186K
+23.0%
5+ $250K$132.1K
-47.2%

Summary: 31217 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 220.8%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 23%, and 5+ bedroom homes decreased by 47.2%.

Median Sold Price Compared To Nearby Zip Codes

31211
+2.4%
31216
+0.6%
31217
0.0%
31201
-31.3%

Housing Supply in 31217, GA

How many homes are available in 31217, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7691+19.7%

Summary: The 31217 real estate market had 91 homes for sale in October 2024, a 19.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1012
+20.0%
3 4555
+22.2%
4 1618
+12.5%
5+ 44
0.0%

Summary: The 31217 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 increased by 20%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
514+180.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31217, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in 31217 in October 2024, up by 180.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% were sold over asking.

Days on Market for 31217, GA

How long does it take to sell a home in 31217, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days60 Days+88.0%

Summary: Homes in 31217 had an average of 60 days on market in Oct 2024, up by 88% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 31217 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in 31217; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 29% 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 31217, GA

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