31405 Housing Market Report April 2025•Chatham County, Georgia

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Housing Prices in 31405, GA

How much do homes in 31405, GA cost?

Housing Market Conditions

Is 31405, 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

31405 is a Buyer's Market

Difference Since April 2024

At the same time last year, 31405 was a Seller's Market.

Insight

31405 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.
$389,241$214/SqFt
-$10,426
-2.6%

Based on all homes sold in the last 12 months

Insight

Homes in 31405 have sold for 2.6% less than they did a year ago.

Summary: The median home sold price in 31405 was $389,241 in April 2025, down 2.6% from last year, and the median price per square foot was $214.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
31415
+8.2%
31401
+2.3%
31405
-2.6%

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.
BedsApr 2024Apr 2025Change YoY
1$317.5K$395K
+24.4%
2$219K$226K
+3.2%
3$363.6K$343.5K
-5.5%
4$528K$530K
0.4%
5$605K$760K
+25.6%

Summary: 31405 housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes increased by +24.4%. The home price for 2 bedroom homes increased by +3.2%. The home price for 3 bedroom homes decreased by -5.5%. The home price for 4 bedroom homes increased by 0.4%. The home price for 5 bedroom homes increased by +25.6%.

How does 31405, GA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

31405, GA

Housing supply in 31405, GA

How many homes are available in 31405, 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
235Last MonthApr 2025
2072 months agoMar 2025
+13.5 %
Change MoMMar – Apr

Summary: The 31405 real estate market had 235 homes for sale in Apr 2025, a 13.5 % increase compared to Mar 2025.

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
25Last MonthApr 2025
412 months agoMar 2025
-39.0 %
Change MoMMar – Apr

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.
BedsMar 2025Apr 2025Change MoM
112
+100.0%
21718
+5.9%
391108
+18.7%
46475
+17.2%
53432
-5.9%

Summary: 31405 housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +5.9%. The inventory for 3 bedroom homes increased by +18.7%. The inventory for 4 bedroom homes increased by +17.2%. The inventory for 5 bedroom homes decreased by -5.9%.

Asking Price vs. Sold Price

How much do homes in 31405, 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 Price2 Homes

At Asking Price5 Homes

Under Asking Price18 Homes

Insight

If you're buying a home in 31405, you may be able to get a good deal. 72% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in 31405 in April 2025, down by 39.0% month-over-month. Of the 25 sold homes, 72% were sold under asking, 20% were sold at asking, and and 8% were sold over asking.

Days on Market for 31405, GA

How long does it take to sell a home in 31405, GA?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days3 Homes

Over 90 Days1 Home

Insight

Avg time on Rocket Homes in 31405 has remained consistent over time.

Summary: During April 2025, 25 homes were sold in 31405; 4% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 4% 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
84 DaysThis YearApr 2025
16 Days1 year agoApr 2024
+403.6 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in 31405 had an average listing age of 84 days in Apr 2025, up by 403.6% compared to the previous year.

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Newest Listings in 31405, GA

What homes are available in 31405, GA?

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MLS Disclaimers and Copyright

Based on information from Savannah Multi-List Corporation, Georgia MLS, Hinesville & Liberty County Multilist, and Lowcountry Regional MLS for the period 05/01/2023 - 05/01/2025

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange program of the Savannah Multi-List Corporation. Real estate listings held by brokerage firms other than this broker are marked with the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. All properties are subject to prior sale, change or withdrawal and some properties which appear for sale on this web site may subsequently have sold and may no longer be available.. Listing(s) 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.
Copyright 2025 Savannah Multi-List Corporation. 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: 5/6/2025, 5:20:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2025, 5:20:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright Hinesville Area Association of REALTORS. 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. This information is 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: 5/6/2025, 5:15:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX© 2025 Lowcountry Regional Multiple Listing Service. Information is deemed reliable but not guaranteed. Information is provided exclusively for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2025, 5:15:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.