Is 31322, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31322 is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, 31322 has remained a Seller's Market.

Key Takeaway

31322 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 31322, GA

How much do homes in 31322, GA cost?

Median Sold Price

$350,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$13,092(-3.6%)

Key Takeaway

Homes in 31322 have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in 31322 was $350,000 in November 2024, down 3.6% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $260.2K$260K
-0.1%
3 $315K$315K
0.0%
4 $409.4K$396.1K
-3.2%
5+ $435K$462.5K
+6.3%

Summary: 31322 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 0.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 6.3%.

Median Sold Price Compared To Nearby Zip Codes

31302
+7.5%
31407
+3.0%
31405
+1.6%
31322
-3.6%

Housing Supply in 31322, GA

How many homes are available in 31322, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
191193+1.0%

Summary: The 31322 real estate market had 193 homes for sale in November 2024, a 1.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1414
0.0%
3 9082
-8.9%
4 5767
+17.5%
5+ 3030
0.0%

Summary: The 31322 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 remained the same, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3837-2.6%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31322, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in 31322 in November 2024, down by 2.6% month-over-month. Of the 37 sold homes, 51% were sold under asking, 27% were sold at asking, and 22% were sold over asking.

Days on Market for 31322, GA

How long does it take to sell a home in 31322, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
29 Days31 Days+5.1%

Summary: Homes in 31322 had an average of 31 days on market in Nov 2024, up by 5.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 31322 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 37 homes were sold in 31322; 3% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 0% 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 31322, GA

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