Is 31324, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31324 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 31324 has remained a Seller's Market.

Key Takeaway

31324 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 31324, GA

How much do homes in 31324, GA cost?

Median Sold Price

$430,250

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$32,814(+8.3%)

Key Takeaway

Homes in 31324 have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in 31324 was $430,250 in October 2024, up 8.3% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$290K
N/A
2 $178.5K$458.3K
+156.8%
3 $310K$337.8K
+9.0%
4 $418.7K$450K
+7.5%
5+ $489.3K$524.4K
+7.2%

Summary: 31324 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 156.8%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 7.2%.

Median Sold Price Compared To Nearby Zip Codes

31324
+8.3%
31320
+7.4%
31419
+7.3%

Housing Supply in 31324, GA

How many homes are available in 31324, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
281291+3.6%

Summary: The 31324 real estate market had 291 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 98
-11.1%
3 8486
+2.4%
4 130128
-1.5%
5+ 5768
+19.3%

Summary: The 31324 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 11.1%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 19.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5659+5.4%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31324, expect to pay close to the asking price. 54.2% of homes here sold near the asking price last month.

Summary: A total of 59 homes were sold or pending in 31324 in October 2024, up by 5.4% month-over-month. Of the 59 sold homes, 32% were sold under asking, 54% were sold at asking, and 14% were sold over asking.

Days on Market for 31324, GA

How long does it take to sell a home in 31324, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
61 Days26 Days-56.8%

Summary: Homes in 31324 had an average of 26 days on market in Oct 2024, down by 56.8% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 31324 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 59 homes were sold in 31324; 5% of homes were sold within 30 days, 5% 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 17 Days Ago

Newest Listings in 31324, GA

Nearby Markets to 31324, GA