$4,986 Closing Credit*
$419,900
2,489 SqFt
3 Beds
•2 Full Baths, 1 Partial
Travis O. Sawyer, Listing Office: Brand Name Real Estate, Inc
Is 31407, 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, 31407 was a Seller's Market.
Key Takeaway
31407 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in 31407, GA
How much do homes in 31407, GA cost?
Median Sold Price
$320,000
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,380(+3.0%)
Key Takeaway
Homes in 31407 have sold for 3% more than they did a year ago.
Summary: The median home sold price in 31407 was $320,000 in November 2024, up 3% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189K | $206K | +9.0% |
| 3 Bedrooms | $285K | $305K | +7.0% |
| 4 Bedrooms | $333.5K | $363.5K | +9.0% |
| 5+ Bedrooms | $404.2K | $457.4K | +13.2% |
Summary: 31407 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 increased by 9%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 13.2%.
Housing Supply in 31407, GA
How many homes are available in 31407, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 84 | 88 | +4.8% |
Summary: The 31407 real estate market had 88 homes for sale in November 2024, a 4.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 44 | 42 | -4.5% |
| 4 Bedrooms | 25 | 29 | +16.0% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The 31407 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 13 | +62.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31407, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in 31407 in November 2024, up by 62.5% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for 31407, GA
How long does it take to sell a home in 31407, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 91 Days | +210.2% |
Summary: Homes in 31407 had an average of 91 days on market in Nov 2024, up by 210.2% compared to last year.
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 31407 has remained consistent over time.
Summary: During November 2024, 13 homes were sold in 31407; 0% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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