$4,130,000
59.00 Acres
Land
Pamela S. Chance, Listing Office: Keller Williams Coastal Area P
Is 31308, 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, 31308 was a Seller's Market.
Key Takeaway
31308 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 31308, GA
How much do homes in 31308, GA cost?
Median Sold Price
$308,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,100(+3.0%)
Key Takeaway
Homes in 31308 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 31308 was $308,000 in October 2024, up 3% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $129.9K | $325K | +150.2% |
| 3 Bedrooms | $270K | $287.7K | +6.6% |
| 4 Bedrooms | $321.7K | $335.9K | +4.4% |
| 5+ Bedrooms | $342.5K | $350K | +2.2% |
Summary: 31308 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 150.2%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in 31308, GA
How many homes are available in 31308, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 54 | 46 | -14.8% |
Summary: The 31308 real estate market had 46 homes for sale in October 2024, a 14.8% decrease 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 20 | 14 | -30.0% |
| 4 Bedrooms | 25 | 23 | -8.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The 31308 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 33.3%, 3 bedroom homes decreased by 30%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 8 | -46.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 31308, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 31308 in October 2024, down by 46.7% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for 31308, GA
How long does it take to sell a home in 31308, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 42 Days | +206.0% |
Summary: Homes in 31308 had an average of 42 days on market in Oct 2024, up by 206% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 31308 has remained consistent over time.
Summary: During October 2024, 8 homes were sold in 31308; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
