Is 31820, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31820 is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, 31820 has remained a Buyer's Market.

Key Takeaway

31820 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 31820, GA

How much do homes in 31820, GA cost?

Median Sold Price

$374,500

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,300(+6.0%)

Key Takeaway

Homes in 31820 have sold for 6% more than they did a year ago.

Summary: The median home sold price in 31820 was $374,500 in October 2024, up 6% from last year, and the median price per square foot was $156.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $330K$321K
-2.7%
4 $352.9K$374.5K
+6.1%
5+ $425.4K$475.1K
+11.7%

Summary: 31820 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 did not change, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 11.7%.

Median Sold Price Compared To Nearby Zip Codes

31909
+10.9%
31820
+6.0%
31907
-1.7%

Housing Supply in 31820, GA

How many homes are available in 31820, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
19190.0%

Summary: The 31820 real estate market had 19 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 99
0.0%
5+ 78
+14.3%

Summary: The 31820 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31820, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in 31820 in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for 31820, GA

How long does it take to sell a home in 31820, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
244 Days62 Days-74.6%

Summary: Homes in 31820 had an average of 62 days on market in Oct 2024, down by 74.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 31820 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in 31820; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 20 Days Ago

Newest Listings in 31820, GA

Nearby Markets to 31820, GA