Is 31313, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31313 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 31313 has remained a Seller's Market.

Key Takeaway

31313 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 31313, GA

How much do homes in 31313, GA cost?

Median Sold Price

$259,975

$149/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$8,875(+3.5%)

Key Takeaway

Homes in 31313 have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in 31313 was $259,975 in October 2024, up 3.5% from last year, and the median price per square foot was $149.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $90K$120K
+33.3%
3 $222.8K$237K
+6.4%
4 $274.6K$282.1K
+2.8%
5+ $317K$344.8K
+8.8%

Summary: 31313 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 33.3%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 8.8%.

Housing Supply in 31313, GA

How many homes are available in 31313, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
180176-2.2%

Summary: The 31313 real estate market had 176 homes for sale in October 2024, a 2.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 9591
-4.2%
4 6872
+5.9%
5+ 129
-25.0%

Summary: The 31313 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 decreased by 20%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4854+12.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31313, expect to pay close to the asking price. 45.1% of homes here sold near the asking price last month.

Summary: A total of 54 homes were sold or pending in 31313 in October 2024, up by 12.5% month-over-month. Of the 51 sold homes, 12% were sold under asking, 45% were sold at asking, and 43% were sold over asking.

Days on Market for 31313, GA

How long does it take to sell a home in 31313, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
24 Days47 Days+96.6%

Summary: Homes in 31313 had an average of 47 days on market in Oct 2024, up by 96.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 31313 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 54 homes were sold in 31313; 15% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% 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 21 Days Ago

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