$4,256 Closing Credit*
$358,420
2,316 SqFt
4 Beds
•3 Full Baths
#247418, Listing Office: ADAMS HOMES REALTY
Is 31220, 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, 31220 was a Seller's Market.
Key Takeaway
31220 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 31220, GA
How much do homes in 31220, GA cost?
Median Sold Price
$245,000
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,000(+6.5%)
Key Takeaway
Homes in 31220 have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in 31220 was $245,000 in November 2024, up 6.5% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $253K | - | N/A |
| 2 Bedrooms | $77.2K | $220K | +184.8% |
| 3 Bedrooms | $189K | $207K | +9.5% |
| 4 Bedrooms | $310K | $360K | +16.1% |
| 5+ Bedrooms | $470.2K | $409.5K | -12.9% |
Summary: 31220 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 184.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 12.9%.
Housing Supply in 31220, GA
How many homes are available in 31220, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 79 | 84 | +6.3% |
Summary: The 31220 real estate market had 84 homes for sale in November 2024, a 6.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 41 | 44 | +7.3% |
| 4 Bedrooms | 31 | 32 | +3.2% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The 31220 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 7.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 13 | -18.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31220, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 31220 in November 2024, down by 18.8% month-over-month. Of the 13 sold homes, 46% were sold under asking, 38% were sold at asking, and 15% were sold over asking.
Days on Market for 31220, GA
How long does it take to sell a home in 31220, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 53 Days | +80.9% |
Summary: Homes in 31220 had an average of 53 days on market in Nov 2024, up by 80.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 31220 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in 31220; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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