$3,408 Closing Credit*
$287,000
1,400 SqFt
3 Beds
•2 Full Baths, 1 Partial
Whitney B. Preston, Listing Office: Next Move Real Estate LLC
Is 31407, 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, 31407 was a Seller's Market.
Key Takeaway
31407 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 31407, GA
How much do homes in 31407, GA cost?
Median Sold Price
$319,950
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,090(+2.6%)
Key Takeaway
Homes in 31407 have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in 31407 was $319,950 in October 2024, up 2.6% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $189K | $195.5K | +3.4% |
| 3 Bedrooms | $284.2K | $300K | +5.6% |
| 4 Bedrooms | $333.9K | $360K | +7.8% |
| 5+ Bedrooms | $395K | $457.4K | +15.8% |
Summary: 31407 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 3.4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 15.8%.
Housing Supply in 31407, GA
How many homes are available in 31407, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 84 | 85 | +1.2% |
Summary: The 31407 real estate market had 85 homes for sale in October 2024, a 1.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 46 | 44 | -4.3% |
| 4 Bedrooms | 22 | 24 | +9.1% |
| 5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The 31407 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 decreased by 14.3%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 8 | -63.6% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31407, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in 31407 in October 2024, down by 63.6% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 3 Days | 14 Days | +366.7% |
Summary: Homes in 31407 had an average of 14 days on market in Oct 2024, up by 366.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 31407 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in 31407; 13% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
