$4,513 Closing Credit*
$380,000
1,684 SqFt
3 Beds
•2 Full Baths
John R Monroe, Listing Office: Keller Williams Realty Partners
Is Powder Springs, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Powder Springs has remained a Seller's Market.
Key Takeaway
Powder Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Powder Springs, GA
How much do homes in Powder Springs, GA cost?
Median Sold Price
$379,970
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$14,572(+4.0%)
Key Takeaway
Homes in Powder Springs have sold for 4% more than they did a year ago.
Summary: The median home sold price in Powder Springs was $379,970 in October 2024, up 4% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | - | N/A |
| 2 Bedrooms | $330K | $315K | -4.5% |
| 3 Bedrooms | $320K | $329.4K | +3.0% |
| 4 Bedrooms | $400K | $395K | -1.3% |
| 5+ Bedrooms | $560K | $578K | +3.2% |
Summary: Powder Springs 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 decreased by 4.5%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in Powder Springs, GA
How many homes are available in Powder Springs, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 416 | 458 | +10.1% |
Summary: The Powder Springs real estate market had 458 homes for sale in October 2024, a 10.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 21 | +31.3% |
| 3 Bedrooms | 174 | 178 | +2.3% |
| 4 Bedrooms | 132 | 159 | +20.5% |
| 5+ Bedrooms | 94 | 100 | +6.4% |
Summary: The Powder Springs 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 increased by 31.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 6.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 78 | 83 | +6.4% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
22 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. 53.8% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Powder Springs in October 2024, up by 6.4% month-over-month. Of the 78 sold homes, 54% were sold under asking, 28% were sold at asking, and 18% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 42 Days | +49.7% |
Summary: Homes in Powder Springs had an average of 42 days on market in Oct 2024, up by 49.7% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
11 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 October 2024, 83 homes were sold in Powder Springs; 54% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.