$3,502 Closing Credit*
$294,900
1,894 SqFt
4 Beds
•2 Full Baths
Kathrin Egner, Listing Office: Ace Real Estate Services LLC
Is 31316, 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, 31316 has remained a Seller's Market.
Key Takeaway
31316 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31316, GA
How much do homes in 31316, GA cost?
Median Sold Price
$283,999
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,000(-1.4%)
Key Takeaway
Homes in 31316 have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in 31316 was $283,999 in October 2024, down 1.4% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | - | N/A |
| 2 Bedrooms | $205K | $110K | -46.3% |
| 3 Bedrooms | $246K | $253.7K | +3.1% |
| 4 Bedrooms | $285.7K | $290K | +1.5% |
| 5+ Bedrooms | $343.4K | $357K | +3.9% |
Summary: 31316 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 46.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Zip Codes
| 31301 | $230K | $280K | +21.7% |
| 31313 | $251.1K | $259.9K | +3.5% |
| 31316 | $288K | $283.9K | -1.4% |
Housing Supply in 31316, GA
How many homes are available in 31316, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 76 | 73 | -3.9% |
Summary: The 31316 real estate market had 73 homes for sale in October 2024, a 3.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 25 | 18 | -28.0% |
| 4 Bedrooms | 37 | 43 | +16.2% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The 31316 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 100%, 3 bedroom homes decreased by 28%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 13 | -27.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31316, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in 31316 in October 2024, down by 27.8% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.
Days on Market for 31316, GA
How long does it take to sell a home in 31316, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 13 Days | 37 Days | +179.2% |
Summary: Homes in 31316 had an average of 37 days on market in Oct 2024, up by 179.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 31316 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 13 homes were sold in 31316; 23% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
