31087 Housing Market Report January 2025•Hancock County, Georgia

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Housing Prices in 31087, GA

How much do homes in 31087, GA cost?

Housing Market Conditions

Is 31087, GA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

31087 is a Buyer's Market

Difference Since January 2024

At the same time last year, 31087 was a Seller's Market.

Insight

31087 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$407,000$264/SqFt
-$41,500
-9.3%

Based on all homes sold in the last 12 months

Insight

Homes in 31087 have sold for 9.3% less than they did a year ago.

Summary: The median home sold price in 31087 was $407,000 in January 2025, down 9.3% from last year, and the median price per square foot was $264.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$230K$140K
-39.1%
2$375K$317.5K
-15.3%
3$425K$489K
+15.1%
4$557.5K$462.5K
-17.0%
5$2.0M$250K
-87.5%

Summary: 31087 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -39.1%. The home price for 2 bedroom homes decreased by -15.3%. The home price for 3 bedroom homes increased by +15.1%. The home price for 4 bedroom homes decreased by -17.0%. The home price for 5 bedroom homes decreased by -87.5%.

Housing supply in 31087, GA

How many homes are available in 31087, GA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
49Last MonthJan 2025
502 months agoDec 2024
-2.0 %
Change MoMDec – Jan

Summary: The 31087 real estate market had 49 homes for sale in Jan 2025, a 2.0 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
3Last MonthJan 2025
62 months agoDec 2024
-50.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
111
0.0%
254
-20.0%
32120
-4.8%
41313
0.0%
51011
+10.0%

Summary: 31087 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -20.0%. The inventory for 3 bedroom homes decreased by -4.8%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +10.0%.

Asking Price vs. Sold Price

How much do homes in 31087, GA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price3 Homes

Insight

If you're buying a home in 31087, 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 31087 in January 2025, down by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for 31087, GA

How long does it take to sell a home in 31087, GA?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days2 Homes

Insight

Most homes in 31087 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 3 homes were sold in 31087; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
145 DaysThis YearJan 2025
107 Days1 year agoJan 2024
+34.7 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 31087 had an average listing age of 145 days in Jan 2025, up by 34.7% compared to the previous year.

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Newest Listings in 31087, GA

What homes are available in 31087, GA?

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Based on information from Georgia MLS, Milledgeville Multiple Listing Service, Lake Country MLS, First Multiple Listing Service Inc., and Classic MLS for the period 02/01/2023 - 02/01/2025

IDX Based on information from the Georgia MLS © 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

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Last updated on: 2/8/2025, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Milledgeville Multiple Listing Service. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 12:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 12:15:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 12:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Broker ReciprocityThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.
Copyright© 2025 Classic MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.