Is 31903, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31903 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 31903 was a Seller's Market.

Key Takeaway

31903 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 31903, GA

How much do homes in 31903, GA cost?

Median Sold Price

$67,500

$59/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$3,250(+5.1%)

Key Takeaway

Homes in 31903 have sold for 5.1% more than they did a year ago.

Summary: The median home sold price in 31903 was $67,500 in December 2024, up 5.1% from last year, and the median price per square foot was $59.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $43K$40K
-7.0%
3 $70K$73.5K
+5.0%
4 $118.5K$125K
+5.5%
5+ -$102.5K
N/A

Summary: 31903 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 decreased by 7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

31906
+30.0%
31907
+9.7%
31903
+5.1%
31901
+4.2%

Housing Supply in 31903, GA

How many homes are available in 31903, GA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
6772+7.5%

Summary: The 31903 real estate market had 72 homes for sale in December 2024, a 7.5% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 1621
+31.3%
3 4343
0.0%
4 88
0.0%
5+ 00
0.0%

Summary: The 31903 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 increased by 31.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
911+22.2%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31903, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in 31903 in December 2024, up by 22.2% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for 31903, GA

How long does it take to sell a home in 31903, GA?

Average Sale Time

Dec 2023Dec 2024CHANGE
55 Days89 Days+61.3%

Summary: Homes in 31903 had an average of 89 days on market in Dec 2024, up by 61.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in 31903 has remained consistent over time.

Summary: During December 2024, 11 homes were sold in 31903; 27% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 27% 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 6 Days Ago

Newest Listings in 31903, GA

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