31601 Housing Market Report February 2025•Lowndes County, Georgia

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Housing Prices in 31601, GA

How much do homes in 31601, GA cost?

Housing Market Conditions

Is 31601, 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

31601 is a Seller's Market

Difference Since February 2024

Since last year, 31601 has remained a Seller's Market.

Insight

31601 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$223,450$134/SqFt
+$15,450
+7.4%

Based on all homes sold in the last 12 months

Insight

Homes in 31601 have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in 31601 was $223,450 in February 2025, up 7.4% from last year, and the median price per square foot was $134.

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
31643
+22.2%
31602
+13.1%
31601
+7.4%
31605
+2.0%

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-$45K
N/A
2$45K$64.5K
+43.3%
3$150.2K$150K
-0.2%
4$289.9K$303.9K
+4.8%
5$390K$330K
-15.4%

Summary: 31601 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 increased by +43.3%. The home price for 3 bedroom homes decreased by -0.2%. The home price for 4 bedroom homes increased by +4.8%. The home price for 5 bedroom homes decreased by -15.4%.

How does 31601, GA compare with other places?

Market comparison tool

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

31601, GA

Housing supply in 31601, GA

How many homes are available in 31601, 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
88Last MonthFeb 2025
852 months agoJan 2025
+3.5 %
Change MoMJan – Feb

Summary: The 31601 real estate market had 88 homes for sale in Feb 2025, a 3.5 % 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
15Last MonthFeb 2025
182 months agoJan 2025
-16.7 %
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
110
-100.0%
255
0.0%
34947
-4.1%
42529
+16.0%
557
+40.0%

Summary: 31601 housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -4.1%. The inventory for 4 bedroom homes increased by +16.0%. The inventory for 5 bedroom homes increased by +40.0%.

Asking Price vs. Sold Price

How much do homes in 31601, 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 Price4 Homes

Under Asking Price9 Homes

Insight

If you're buying a home in 31601, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in 31601 in February 2025, down by 16.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 29% were sold at asking, and and 7% were sold over asking.

Days on Market for 31601, GA

How long does it take to sell a home in 31601, GA?

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days6 Homes

Over 90 Days4 Homes

Insight

Avg time on Rocket Homes in 31601 has remained consistent over time.

Summary: During February 2025, 15 homes were sold in 31601; 33% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 27% 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
68 DaysThis YearFeb 2025
31 Days1 year agoFeb 2024
+118.3 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in 31601 had an average listing age of 68 days in Feb 2025, up by 118.3% compared to the previous year.

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Newest Listings in 31601, GA

What homes are available in 31601, GA?

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Nearby markets aren't available for 31601, GA

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MLS Disclaimers and Copyright

Based on information from South Georgia MLS, Georgia MLS, Thomasville MLS, and First Multiple Listing Service Inc. for the period 03/01/2023 - 03/01/2025

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: 3/12/2025, 3:15:59 PM 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.

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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: 3/12/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listing information provided in part by the Thomasville Area Board of REALTORS® for personal, non-commercial use by viewers of this site. All information is deemed reliable but not guaranteed. Information may not be reproduced or redistributed. Copyright © 2025 Thomasville Area Board of REALTORS®. 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: 3/12/2025, 3:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2025 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 3:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.