$4,453 Closing Credit*
$375,000
2,016 SqFt
4 Beds
•3 Full Baths, 1 Partial
PRISAVIA CROFT, Listing Office: Crye-Leike, Realtors
Is Powder Springs, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Powder Springs was a Seller's Market.
Key Takeaway
Powder Springs 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 Powder Springs, GA
How much do homes in Powder Springs, GA cost?
Median Sold Price
$381,581
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,435(+3.9%)
Key Takeaway
Homes in Powder Springs have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Powder Springs was $381,581 in November 2024, up 3.9% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | - | N/A |
| 2 Bedrooms | $330K | $307.5K | -6.8% |
| 3 Bedrooms | $325K | $327K | +0.6% |
| 4 Bedrooms | $397.9K | $398.9K | 0.2% |
| 5+ Bedrooms | $550K | $575K | +4.5% |
Summary: Powder Springs housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 4.5%.
Housing Supply in Powder Springs, GA
How many homes are available in Powder Springs, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 420 | 414 | -1.4% |
Summary: The Powder Springs real estate market had 414 homes for sale in November 2024, a 1.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 28 | +40.0% |
| 3 Bedrooms | 168 | 151 | -10.1% |
| 4 Bedrooms | 144 | 138 | -4.2% |
| 5+ Bedrooms | 88 | 97 | +10.2% |
Summary: The Powder Springs 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 increased by 40%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 10.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 63 | -26.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Powder Springs, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Powder Springs in November 2024, down by 26.7% month-over-month. Of the 58 sold homes, 41% were sold under asking, 34% were sold at asking, and 24% were sold over asking.
Days on Market for Powder Springs, GA
How long does it take to sell a home in Powder Springs, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 38 Days | +36.7% |
Summary: Homes in Powder Springs had an average of 38 days on market in Nov 2024, up by 36.7% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Powder Springs are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 63 homes were sold in Powder Springs; 56% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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