$2,078 Closing Credit*
$175,000
1,491 SqFt
3 Beds
•2 Full Baths
Latoya J. Thurman-Springer, Listing Office: Coldwell Banker Realty
Is 31816, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 31816 has remained a Seller's Market.
Key Takeaway
31816 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 31816, GA
How much do homes in 31816, GA cost?
Median Sold Price
$170,000
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,750(+16.2%)
Key Takeaway
Homes in 31816 have sold for 16.2% more than they did a year ago.
Summary: The median home sold price in 31816 was $170,000 in October 2024, up 16.2% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $110K | $115K | +4.5% |
| 3 Bedrooms | $148.7K | $175K | +17.7% |
| 4 Bedrooms | $175K | $205K | +17.1% |
| 5+ Bedrooms | - | $152.2K | N/A |
Summary: 31816 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 4.5%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Zip Codes
| 31830 | $145K | $180K | +24.1% |
| 31816 | $146.2K | $170K | +16.2% |
Housing Supply in 31816, GA
How many homes are available in 31816, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Summary: The 31816 real estate market had 16 homes for sale in October 2024, a 5.9% decrease 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 12 | 11 | -8.3% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The 31816 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 remained the same, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in 31816, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in 31816 in October 2024, down by 40.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for 31816, GA
How long does it take to sell a home in 31816, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 72 Days | +242.0% |
Summary: Homes in 31816 had an average of 72 days on market in Oct 2024, up by 242% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 31816 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in 31816; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
