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31605 Housing Market Report June 2025•Lowndes County, Georgia

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Housing Prices in 31605, GA

How much do homes in 31605, GA cost?

Housing Market Conditions

Is 31605, 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

31605 is a Seller's Market

Difference Since June 2024

Since last year, 31605 has remained a Seller's Market.

Insight

31605 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.
$258,500$152/SqFt
+$11,500
+4.7%

Based on all homes sold in the last 12 months

Insight

Homes in 31605 have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in 31605 was $258,500 in June 2025, up 4.7% from last year, and the median price per square foot was $152.

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
31602
+9.7%
31645
+6.6%
31632
+4.7%
31605
+4.7%

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.
BedsJun 2024Jun 2025Change YoY
1$240K-
N/A
2$149K$114.7K
-23.0%
3$219.9K$229K
+4.1%
4$295K$299.9K
+1.7%
5$425K$543K
+27.8%

Summary: 31605 housing price by bedroom type for June 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 -23.0%. The home price for 3 bedroom homes increased by +4.1%. The home price for 4 bedroom homes increased by +1.7%. The home price for 5 bedroom homes increased by +27.8%.

How does 31605, GA compare with other places?

Market comparison tool

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

31605, GA

Housing supply in 31605, GA

How many homes are available in 31605, 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
129Last MonthJun 2025
1392 months agoMay 2025
-7.2 %
Change MoMMay – Jun

Summary: The 31605 real estate market had 129 homes for sale in Jun 2025, a 7.2 % decrease compared to May 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
28Last MonthJun 2025
472 months agoMay 2025
-40.4 %
Change MoMMay – Jun

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.
BedsMay 2025Jun 2025Change MoM
100
0.0%
221
-50.0%
36571
+9.2%
46449
-23.4%
588
0.0%

Summary: 31605 housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -50.0%. The inventory for 3 bedroom homes increased by +9.2%. The inventory for 4 bedroom homes decreased by -23.4%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 31605, 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 Price6 Homes

At Asking Price9 Homes

Under Asking Price12 Homes

Insight

If you're buying a home in 31605, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in 31605 in June 2025, down by 40.4% month-over-month. Of the 27 sold homes, 44% were sold under asking, 33% were sold at asking, and and 22% were sold over asking.

Days on Market for 31605, GA

How long does it take to sell a home in 31605, GA?

Breakdown of Home Sale Times

Under 30 Days15 Homes

30 – 90 Days9 Homes

Over 90 Days4 Homes

Insight

Many homes in 31605 are selling fast, if you're buying plan to act quickly.

Summary: During June 2025, 28 homes were sold in 31605; 54% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 14% 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
47 DaysThis YearJun 2025
34 Days1 year agoJun 2024
+40.5 %
Change YoYJun 2024 – Jun 2025

Summary: Homes in 31605 had an average listing age of 47 days in Jun 2025, up by 40.5% compared to the previous year.

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Newest Listings in 31605, GA

What homes are available in 31605, GA?

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Nearby markets

Nearby markets aren't available for 31605, GA

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MLS Disclaimers and Copyright

Based on information from South Georgia MLS, Georgia MLS, First Multiple Listing Service Inc., Capital Area Technology & REALTOR Services Inc., and Thomasville MLS for the period 07/01/2023 - 07/01/2025

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: 7/31/2025, 10:45:35 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.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/31/2025, 10:45:29 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: 7/31/2025, 10:45:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2025 Tallahassee Board of REALTORS®, Inc. All rights reserved.

The data relating to real estate on this web site comes in part from the IDX Program of the Tallahassee Board of REALTORS®, Inc. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. 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. The broker providing this data believes it to be correct, but advises interested parties to confirm information before relying on it for a purchase decision.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/31/2025, 10:45:33 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: 7/31/2025, 10:45:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.