$6,234 Closing Credit*
$525,000
692 SqFt
1 Bed
•1 Full Bath
Pamela Peterson, Listing Office: Seabolt Real Estate
Is 31401, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$570,175
$365/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$7,112(+1.3%)
Key Takeaway
Homes in 31401 have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in 31401 was $570,175 in November 2024, up 1.3% from last year, and the median price per square foot was $365.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $439K | +9.8% |
| 2 Bedrooms | $542.5K | $510K | -6.0% |
| 3 Bedrooms | $540K | $530K | -1.9% |
| 4 Bedrooms | $633K | $727.5K | +14.9% |
| 5+ Bedrooms | $753K | $725K | -3.7% |
Summary: 31401 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes decreased by 6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes decreased by 3.7%.
Housing Supply in 31401, GA
How many homes are available in 31401, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 234 | 239 | +2.1% |
Summary: The 31401 real estate market had 239 homes for sale in November 2024, a 2.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 18 | +12.5% |
| 2 Bedrooms | 46 | 51 | +10.9% |
| 3 Bedrooms | 61 | 56 | -8.2% |
| 4 Bedrooms | 51 | 50 | -2.0% |
| 5+ Bedrooms | 60 | 64 | +6.7% |
Summary: The 31401 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 10.9%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 32 | +3.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31401, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in 31401 in November 2024, up by 3.2% month-over-month. Of the 32 sold homes, 56% were sold under asking, 34% were sold at asking, and 9% were sold over asking.
Days on Market for 31401, GA
How long does it take to sell a home in 31401, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 32 Days | -43.5% |
Summary: Homes in 31401 had an average of 32 days on market in Nov 2024, down by 43.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in 31401 has remained consistent over time.
Summary: During November 2024, 32 homes were sold in 31401; 0% 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.
Based on information from the Georgia MLS © 2024.