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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31324 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 31324 was a Seller's Market.

Key Takeaway

31324 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 31324, GA

How much do homes in 31324, GA cost?

Median Sold Price

$431,466

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,559(+7.9%)

Key Takeaway

Homes in 31324 have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in 31324 was $431,466 in November 2024, up 7.9% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$290K
N/A
2 $555K$229K
-58.7%
3 $312.4K$339.9K
+8.8%
4 $419.9K$449.9K
+7.2%
5+ $497.5K$524.9K
+5.5%

Summary: 31324 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 58.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 5.5%.

Median Sold Price Compared To Nearby Zip Codes

31324
+7.9%
31419
+7.7%
31320
+4.4%

Housing Supply in 31324, GA

How many homes are available in 31324, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
285279-2.1%

Summary: The 31324 real estate market had 279 homes for sale in November 2024, a 2.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 10
-100.0%
2 87
-12.5%
3 8686
0.0%
4 125115
-8.0%
5+ 6571
+9.2%

Summary: The 31324 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 decreased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 9.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6238-38.7%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31324, you may be able to get a good deal. 44.7% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in 31324 in November 2024, down by 38.7% month-over-month. Of the 38 sold homes, 45% were sold under asking, 37% were sold at asking, and 18% 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

Nov 2023Nov 2024CHANGE
176 Days90 Days-48.6%

Summary: Homes in 31324 had an average of 90 days on market in Nov 2024, down by 48.6% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in 31324 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 38 homes were sold in 31324; 0% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 5% 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

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