31501 Housing Market Report February 2025•Ware County, Georgia

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Housing Prices in 31501, GA

How much do homes in 31501, GA cost?

Housing Market Conditions

Is 31501, 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

31501 is a Buyer's Market

Difference Since February 2024

At the same time last year, 31501 was a Seller's Market.

Insight

31501 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.
$168,000$99/SqFt
-$15,000
-8.2%

Based on all homes sold in the last 12 months

Insight

Homes in 31501 have sold for 8.2% less than they did a year ago.

Summary: The median home sold price in 31501 was $168,000 in February 2025, down 8.2% from last year, and the median price per square foot was $99.

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
31503
+2.9%
31501
-8.2%
31516
-13.7%

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.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$85K$52K
-38.8%
3$191.5K$168K
-12.3%
4$193.9K$248K
+27.9%
5$345.5K$280K
-19.0%

Summary: 31501 housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -38.8%. The home price for 3 bedroom homes decreased by -12.3%. The home price for 4 bedroom homes increased by +27.9%. The home price for 5 bedroom homes decreased by -19.0%.

Housing supply in 31501, GA

How many homes are available in 31501, 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
90Last MonthFeb 2025
882 months agoJan 2025
+2.3 %
Change MoMJan – Feb

Summary: The 31501 real estate market had 90 homes for sale in Feb 2025, a 2.3 % increase compared to Jan 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
8Last MonthFeb 2025
92 months agoJan 2025
-11.1 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
111
0.0%
2911
+22.2%
577
0.0%
34845
-6.3%
42326
+13.0%

Summary: 31501 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +22.2%. The inventory for 5 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -6.3%. The inventory for 4 bedroom homes increased by +13.0%.

Asking Price vs. Sold Price

How much do homes in 31501, 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 Price1 Home

At Asking Price2 Homes

Under Asking Price5 Homes

Insight

If you're buying a home in 31501, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in 31501 in February 2025, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and and 13% were sold over asking.

Days on Market for 31501, GA

How long does it take to sell a home in 31501, GA?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days2 Homes

Over 90 Days4 Homes

Insight

Most homes in 31501 are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 8 homes were sold in 31501; 13% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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
93 DaysThis YearFeb 2025
130 Days1 year agoFeb 2024
-28.5 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 31501 had an average listing age of 93 days in Feb 2025, down by 28.5% compared to the previous year.

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Newest Listings in 31501, GA

What homes are available in 31501, GA?

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Nearby markets

Nearby markets aren't available for 31501, GA

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MLS Disclaimers and Copyright

Based on information from Georgia MLS, Golden Isles MLS, and South Georgia MLS for the period 03/01/2023 - 03/01/2025

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.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 4:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Based on information from the Golden Isles Multiple Listing Service, Inc. This information is believed to be accurate, but without any warranty. All properties are subject to prior sale, change or withdrawal. 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 Golden Isles Multiple Listing Service, Inc. 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: 3/4/2025, 4:15:55 AM 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 IDX Program of The Valdosta Board of REALTORS®, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. 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 The Valdosta Board of REALTORS®, Inc. 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: 3/4/2025, 4:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.