Is 31522, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31522 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 31522 has remained a Seller's Market.

Key Takeaway

31522 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 31522, GA

How much do homes in 31522, GA cost?

Median Sold Price

$730,750

$334/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$80,750(+12.4%)

Key Takeaway

Homes in 31522 have sold for 12.4% more than they did a year ago.

Summary: The median home sold price in 31522 was $730,750 in October 2024, up 12.4% from last year, and the median price per square foot was $334.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $311.5K$318.4K
+2.2%
2 $385K$375K
-2.6%
3 $635K$601K
-5.4%
4 $732.5K$1.4M
+102.7%
5+ $1.0M$1.0M
0.0%

Summary: 31522 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 102.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

31522
+12.4%
31305
+1.3%
31525
0.3%

Housing Supply in 31522, GA

How many homes are available in 31522, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
8088+10.0%

Summary: The 31522 real estate market had 88 homes for sale in October 2024, a 10.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 1319
+46.2%
3 2021
+5.0%
4 3333
0.0%
5+ 1112
+9.1%

Summary: The 31522 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 46.2%, 3 bedroom homes increased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1217+41.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31522, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 31522 in October 2024, up by 41.7% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.

Days on Market for 31522, GA

How long does it take to sell a home in 31522, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
48 Days58 Days+20.3%

Summary: Homes in 31522 had an average of 58 days on market in Oct 2024, up by 20.3% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 31522 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 17 homes were sold in 31522; 65% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in 31522, GA

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