$2,791 Closing Credit*
$235,000
3,248 SqFt
Listing Office: EXP Realty LLC
Is 31501, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 31501 has remained a Buyer's Market.
Key Takeaway
31501 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 31501, GA
How much do homes in 31501, GA cost?
Median Sold Price
$55,000
$26/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$140,000(-71.8%)
Key Takeaway
Homes in 31501 have sold for 71.8% less than they did a month ago.
Summary: The median home sold price in 31501 was $55,000 in November 2024, down 71.8% from last month, and the median price per square foot was $26.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $3.5K | N/A |
| 3 Bedrooms | $178.8K | $56.5K | -68.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $280K | - | N/A |
Summary: 31501 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 68.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 31516 | $361.3K | $310K | -14.2% |
| 31503 | $299K | $178K | -40.5% |
| 31501 | $195K | $55K | -71.8% |
Housing Supply in 31501, GA
How many homes are available in 31501, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 47 | +11.9% |
Summary: The 31501 real estate market had 47 homes for sale in November 2024, a 11.9% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 26 | 30 | +15.4% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The 31501 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 remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 7 | +133.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31501, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in 31501 in November 2024, up by 133.3% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for 31501, GA
How long does it take to sell a home in 31501, GA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 75 Days | 66 Days | -11.6% |
Summary: Homes in 31501 had an average of 66 days on market in Nov 2024, down by 11.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 31501 are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 7 homes were sold in 31501; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
