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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31820 is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

31820 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 31820, GA

How much do homes in 31820, GA cost?

Median Sold Price

$374,325

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$20,825(+5.9%)

Key Takeaway

Homes in 31820 have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in 31820 was $374,325 in December 2024, up 5.9% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $299.9K$305K
+1.7%
4 $352.4K$374.4K
+6.2%
5+ $420.4K$463.4K
+10.2%

Summary: 31820 housing prices by bedroom type for December 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 increased by 1.7%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 10.2%.

Median Sold Price Compared To Nearby Zip Codes

31909
+10.1%
31907
+9.7%
31820
+5.9%

Housing Supply in 31820, GA

How many homes are available in 31820, GA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6654-18.2%

Summary: The 31820 real estate market had 54 homes for sale in December 2024, a 18.2% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1211
-8.3%
4 3524
-31.4%
5+ 1919
0.0%

Summary: The 31820 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 8.3%, 4 bedroom homes decreased by 31.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1813-27.8%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31820, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in 31820 in December 2024, down by 27.8% month-over-month. Of the 13 sold homes, 46% were sold under asking, 23% were sold at asking, and 31% 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

Dec 2023Dec 2024CHANGE
44 Days94 Days+110.0%

Summary: Homes in 31820 had an average of 94 days on market in Dec 2024, up by 110% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were 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 December 2024, 13 homes were sold in 31820; 46% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 31% 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 2 Days Ago

Newest Listings in 31820, GA

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