$28,000
1.50 Acres
Land
Roy Rhodes, Listing Office: Canopy Realty Group
Is 31550, 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, 31550 has remained a Seller's Market.
Key Takeaway
31550 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31550, GA
How much do homes in 31550, GA cost?
Median Sold Price
$614,060
$187/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$13,290(-2.1%)
Key Takeaway
Homes in 31550 have sold for 2.1% less than they did a month ago.
Summary: The median home sold price in 31550 was $614,060 in December 2024, down 2.1% from last month, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $229.5K | $529K | +130.5% |
| 4 Bedrooms | $627.3K | $699.1K | +11.4% |
| 5+ Bedrooms | - | - | N/A |
Summary: 31550 housing prices by bedroom type for December 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 increased by 130.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 31503 | $196.5K | $230K | +17.0% |
| 31550 | $627.3K | $614K | -2.1% |
Housing Supply in 31550, GA
How many homes are available in 31550, GA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Summary: The 31550 real estate market had 8 homes for sale in December 2024, a 27.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 31550 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 31550, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in 31550 in December 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for 31550, GA
How long does it take to sell a home in 31550, GA?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 113 Days | 16 Days | -85.8% |
Summary: Homes in 31550 had an average of 16 days on market in Dec 2024, down by 85.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 31550 are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in 31550; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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