Is 31906, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 31906 is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, 31906 was a Seller's Market.

Key Takeaway

31906 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 31906, GA

How much do homes in 31906, GA cost?

Median Sold Price

$38,000

$30/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$76,950(-66.9%)

Key Takeaway

Homes in 31906 have sold for 66.9% less than they did a month ago.

Summary: The median home sold price in 31906 was $38,000 in November 2024, down 66.9% from last month, and the median price per square foot was $30.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $114.9K$38K
-66.9%
4 $340K-
N/A
5+ --
N/A

Summary: 31906 housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 66.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in 31906, GA

How many homes are available in 31906, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2018-10.0%

Summary: The 31906 real estate market had 18 homes for sale in November 2024, a 10.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 11
0.0%
3 1210
-16.7%
4 55
0.0%
5+ 11
0.0%

Summary: The 31906 housing inventory by bedroom type for November 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 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
43-25.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 31906, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in 31906 in November 2024, down by 25.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for 31906, GA

How long does it take to sell a home in 31906, GA?

Average Sale Time

Oct 2024Nov 2024CHANGE
63 Days49 Days-22.2%

Summary: Homes in 31906 had an average of 49 days on market in Nov 2024, down by 22.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were 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 31906 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 3 homes were sold in 31906; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 3 Days Ago

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