Is 31558, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31558 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 31558 has remained a Seller's Market.

Key Takeaway

31558 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 31558, GA

How much do homes in 31558, GA cost?

Median Sold Price

$311,993

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,993(+2.3%)

Key Takeaway

Homes in 31558 have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in 31558 was $311,993 in October 2024, up 2.3% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $152K$575K
+278.3%
2 $235K$241K
+2.6%
3 $259.7K$269.9K
+3.9%
4 $385.4K$359.9K
-6.6%
5+ $357.5K$490.6K
+37.2%

Summary: 31558 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 278.3%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 37.2%.

Median Sold Price Compared To Nearby Zip Codes

32097
+9.9%
31548
+4.2%
31558
+2.3%
31569
-2.0%

Housing Supply in 31558, GA

How many homes are available in 31558, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
163168+3.1%

Summary: The 31558 real estate market had 168 homes for sale in October 2024, a 3.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 8694
+9.3%
4 6060
0.0%
5+ 139
-30.8%

Summary: The 31558 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 25%, 3 bedroom homes increased by 9.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 30.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3331-6.1%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31558, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in 31558 in October 2024, down by 6.1% month-over-month. Of the 28 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% were sold over asking.

Days on Market for 31558, GA

How long does it take to sell a home in 31558, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
29 Days44 Days+47.9%

Summary: Homes in 31558 had an average of 44 days on market in Oct 2024, up by 47.9% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 31558 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 31 homes were sold in 31558; 58% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 16% 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 17 Days Ago

Newest Listings in 31558, GA

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