Is 31204, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, 31204 was a Seller's Market.
Key Takeaway
31204 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in 31204, GA
How much do homes in 31204, GA cost?
Median Sold Price
$148,166
$88/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in 31204 have sold for 42.5% more than they did a year ago.
Summary: The median home sold price in 31204 was $148,166 in May 2024, up 42.5% from last year, and the median price per square foot was $88.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $25.2K | $77.4K | +206.7% |
| 2 Bedrooms | $40K | $60K | +50.0% |
| 3 Bedrooms | $127.5K | $155K | +21.6% |
| 4 Bedrooms | $160K | $184.9K | +15.6% |
| 5+ Bedrooms | $137K | $250K | +82.5% |
Summary: 31204 housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 206.7%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 82.5%.
Housing Supply in 31204, GA
How many homes are available in 31204, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 158 | 202 | +27.8% |
Summary: The 31204 real estate market had 202 homes for sale in May 2024, a 27.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 28 | 36 | +28.6% |
| 3 Bedrooms | 94 | 119 | +26.6% |
| 4 Bedrooms | 25 | 31 | +24.0% |
| 5+ Bedrooms | 10 | 15 | +50.0% |
Summary: The 31204 housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 26.6%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 29 | +20.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 31204, you may be able to get a good deal. 52% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in 31204 in May 2024, up by 20.8% month-over-month. Of the 25 sold homes, 52% were sold under asking, 28% were sold at asking, and 20% were sold over asking.
Days on Market for 31204, GA
How long does it take to sell a home in 31204, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 30 Days | -16.2% |
Summary: Homes in 31204 had an average of 30 days on market in May 2024, down by 16.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 31204 are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in 31204; 69% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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