$2,363 Closing Credit*
$199,000
1,492 SqFt
3 Beds
•2 Full Baths
Stephen P Walker, Listing Office: BHHS Georgia Properties
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.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.