$10,000 Closing Credit*
$895,000
3,194 SqFt
5 Beds
•5 Full Baths
Michelle Parker, Listing Office: Parker Scott Properties
Is 31401, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, 31401 was a Seller's Market.
Key Takeaway
31401 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 31401, GA
How much do homes in 31401, GA cost?
Median Sold Price
$575,000
$370/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,666(+5.2%)
Key Takeaway
Homes in 31401 have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in 31401 was $575,000 in October 2024, up 5.2% from last year, and the median price per square foot was $370.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $419K | $429.9K | +2.6% |
| 2 Bedrooms | $535K | $535K | 0.0% |
| 3 Bedrooms | $519K | $535K | +3.1% |
| 4 Bedrooms | $633K | $730K | +15.3% |
| 5+ Bedrooms | $740K | $752.5K | +1.7% |
Summary: 31401 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes did not change, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in 31401, GA
How many homes are available in 31401, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 200 | 244 | +22.0% |
Summary: The 31401 real estate market had 244 homes for sale in October 2024, a 22.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 16 | +14.3% |
| 2 Bedrooms | 42 | 50 | +19.0% |
| 3 Bedrooms | 49 | 61 | +24.5% |
| 4 Bedrooms | 40 | 53 | +32.5% |
| 5+ Bedrooms | 55 | 64 | +16.4% |
Summary: The 31401 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 32.5%, and 5+ bedroom homes increased by 16.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 30 | +42.9% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31401, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in 31401 in October 2024, up by 42.9% month-over-month. Of the 29 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% were sold over asking.
Days on Market for 31401, GA
How long does it take to sell a home in 31401, GA?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 31401 has remained consistent over time.
Summary: During October 2024, 30 homes were sold in 31401; 0% of homes were sold within 30 days, 3% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
