Is Powder Springs, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Powder Springs has remained a Seller's Market.
Housing Prices in Powder Springs, GA
How much do homes in Powder Springs, GA cost?
Median Sold Price
$375,087
$179/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Powder Springs was $375,087 in May 2024, down 0.9% from last year, and the median price per square foot was $179.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $145K | N/A |
2 Bedrooms | $287.5K | $335K | +16.5% |
3 Bedrooms | $320K | $326K | +1.9% |
4 Bedrooms | $399.5K | $389K | -2.6% |
5+ Bedrooms | $548.7K | $565K | +3.0% |
Summary: Powder Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 3%.
Housing Supply in Powder Springs, GA
How many homes are available in Powder Springs, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
365 | 409 | +12.1% |
Summary: The Powder Springs real estate market had 409 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 14 | -17.6% |
3 Bedrooms | 137 | 166 | +21.2% |
4 Bedrooms | 147 | 156 | +6.1% |
5+ Bedrooms | 64 | 73 | +14.1% |
Summary: The Powder Springs 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 decreased by 17.6%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 14.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
102 | 91 | -10.8% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 91 homes were sold or pending in Powder Springs in May 2024, down by 10.8% month-over-month. Of the 90 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 31 Days | -16.4% |
Summary: Homes in Powder Springs had an average of 31 days on market in May 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
63 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During May 2024, 91 homes were sold in Powder Springs; 69% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.