$4,749 Closing Credit*
$399,900
2,866 SqFt
5 Beds
•3 Full Baths
Jimmy Shanken, Listing Office: Coldwell Banker Southern Coast
Is 31316, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$282,499
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$3,817(-1.3%)
Key Takeaway
Homes in 31316 have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in 31316 was $282,499 in November 2024, down 1.3% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $255K | -7.3% |
| 2 Bedrooms | $229K | $110K | -52.0% |
| 3 Bedrooms | $247.5K | $254.7K | +2.9% |
| 4 Bedrooms | $285.7K | $290K | +1.5% |
| 5+ Bedrooms | $348.5K | $359K | +3.0% |
Summary: 31316 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.3%, 2 bedroom homes decreased by 52%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 3%.
Housing Supply in 31316, GA
How many homes are available in 31316, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 81 | 82 | +1.2% |
Summary: The 31316 real estate market had 82 homes for sale in November 2024, a 1.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 44 | 43 | -2.3% |
| 5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The 31316 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 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. 37.5% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in 31316 in November 2024, up by 21.4% month-over-month. Of the 16 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 62 Days | +466.2% |
Summary: Homes in 31316 had an average of 62 days on market in Nov 2024, up by 466.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 31316 has remained consistent over time.
Summary: During November 2024, 17 homes were sold in 31316; 12% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
