Is 31321, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31321 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 31321 was a Seller's Market.

Key Takeaway

31321 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 31321, GA

How much do homes in 31321, GA cost?

Median Sold Price

$270,450

$174/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,879(+5.0%)

Key Takeaway

Homes in 31321 have sold for 5% more than they did a year ago.

Summary: The median home sold price in 31321 was $270,450 in November 2024, up 5% from last year, and the median price per square foot was $174.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $189.9K$183.8K
-3.2%
3 $225K$269.9K
+20.0%
4 $272.5K$335K
+22.9%
5+ $674.9K$589.5K
-12.7%

Summary: 31321 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 decreased by 3.2%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes decreased by 12.7%.

Median Sold Price Compared To Nearby Zip Codes

31321
+5.0%
31308
+4.9%
30458
+3.0%
30415
-5.9%

Housing Supply in 31321, GA

How many homes are available in 31321, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3129-6.5%

Summary: The 31321 real estate market had 29 homes for sale in November 2024, a 6.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1612
-25.0%
4 1010
0.0%
5+ 36
+100.0%

Summary: The 31321 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 decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31321, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in 31321 in November 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for 31321, GA

How long does it take to sell a home in 31321, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
15 Days92 Days+507.7%

Summary: Homes in 31321 had an average of 92 days on market in Nov 2024, up by 507.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 31321 has remained consistent over time.

Summary: During November 2024, 4 homes were sold in 31321; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 18 Days Ago

Newest Listings in 31321, GA

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