Is 31404, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31404 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 31404 has remained a Seller's Market.

Key Takeaway

31404 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 31404, GA

How much do homes in 31404, GA cost?

Median Sold Price

$299,675

$230/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$31,075(+11.6%)

Key Takeaway

Homes in 31404 have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in 31404 was $299,675 in October 2024, up 11.6% from last year, and the median price per square foot was $230.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $145K-
N/A
2 $224K$245.5K
+9.6%
3 $279.9K$295K
+5.4%
4 $349K$391K
+12.0%
5+ $555K$560K
+0.9%

Summary: 31404 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 9.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 0.9%.

Median Sold Price Compared To Nearby Zip Codes

31410
+11.7%
31404
+11.6%
31406
+6.9%
31401
+5.2%

Housing Supply in 31404, GA

How many homes are available in 31404, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
148168+13.5%

Summary: The 31404 real estate market had 168 homes for sale in October 2024, a 13.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 3039
+30.0%
3 7886
+10.3%
4 3032
+6.7%
5+ 1011
+10.0%

Summary: The 31404 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 increased by 30%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3136+16.1%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31404, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in 31404 in October 2024, up by 16.1% month-over-month. Of the 36 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% were sold over asking.

Days on Market for 31404, GA

We’re sorry, we don't have information for this market at the moment

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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Newest Listings in 31404, GA

Nearby Markets to 31404, GA

MLS Disclaimers and Copyright

Based on information from Savannah Multi-List Corporation, and Georgia MLS for the period 11/01/2022 - 11/01/2024

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Real estate listings held by brokerage firms other than this broker are marked with the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. All properties are subject to prior sale, change or withdrawal and some properties which appear for sale on this web site may subsequently have sold and may no longer be available.. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Copyright 2024 Savannah Multi-List Corporation. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/19/2024, 5:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/19/2024, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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