31602 (Valdosta)
Homes for Sale & Housing Market
Median sale price $215,000, down 42.1% year over year, with homes going under contract in about 53 days, 2 homes on the market.
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Housing Market Analyst
Inventory sits at 8.0 months of supply — heavy by the 3-to-6-month balanced benchmark, and 33% of listed homes are already under contract. Prices are down 42.1% versus the prior year, but sellers are still collecting 83.6% of asking. Taken together, the data leans toward buyers — leverage is real for those ready to use it.
Who has leverage right now
Leverage scores are derived from the Momentum Score (supply, demand, speed, pricing power, and trend). Right now the data favors buyers.
- Prices — heavy supply keeps the pressure on sellers; softening is the path of least resistance.
- Negotiating power — buyers gain ground as 33% of inventory sits under contract.
Derived from current 31602 data, not a prediction or guarantee. Markets move; talk to an agent before acting on any single reading.
The read on 31602 (Valdosta)
The median sale price across 31602 currently stands at $215,000, down 42.1% from a year ago. Buyers are paying a median of $116 per square foot. The typical home goes under contract in about 53 days. Sellers are capturing 83.6% of their original asking price on average.
There are 2 active listings on the market, with 1 more already under contract. At the current sales pace that works out to 8.0 months of supply — a buyer-leaning market by the standard six-month benchmark. 13 homes closed here over the trailing 12 months.
Weighing supply, demand, speed, pricing power, and trend together, the Momentum Score for 31602 is 34 of 100 — soft market territory. This page recalculates every day as new MLS data lands, so the numbers above reflect the market as of September 21, 2026.
Where the market is heading
Median price · daily recalculation
The calls we’re making from today’s data
Buyers: ask for concessions — rate buydowns and repair credits are back on the table. Sellers: presentation and the first two weekends decide your outcome; price accordingly.
Generated from today’s data by Momentum’s analysis engine and reviewed on a rolling basis by our broker team.
Nearby ZIP codes in Lowndes
| Market | Median | Active | Score | |
|---|---|---|---|---|
| 31602 ← this page | $215K | 2 | 34 | |
| 31632 | $390K | 6 | 68 | Open → |
| 31601 | $340K | 5 | 56 | Open → |
| 31605 | $310K | 5 | 61 | Open → |
Cities in this ZIP
Most active communities
Put this data to work
The questions people actually ask
Should I buy a house in 31602 right now?
The data says conditions currently favor buyers in 31602 — the Momentum Score reads 34/100 with 8.0 months of supply. For buyers that means preparation over hesitation: well-priced homes still move fast, but there is more room to negotiate than a year ago. The right timing always depends on your rate, your equity, and how long you plan to stay — not just the market.
Is 31602 becoming more affordable?
Yes, modestly — the median sale price in 31602 is $215,000, down 42.1% versus the prior year, while sellers still capture 83.6% of asking price. Softening prices plus normal-length marketing times mean affordability is improving at the margin, though financing costs matter more than list prices for most monthly payments.
31602 (Valdosta) housing market FAQ
How is the housing market in 31602 right now?
As of September 21, 2026, the 31602 housing market favors buyers: the median sale price is $215,000 (down 42.1% year over year), 2 homes are for sale against 13 sales in the last 12 months, which is 8.0 months of supply, and the typical home goes under contract in about 53 days.
How much is a house in 31602?
The median home sold for $215,000 in 31602 over the last 12 months, about $116 per square foot; asking prices on the 2 current listings run from well below to well above that, and the community pages linked below show what each neighborhood actually sells for.
Is it a good time to sell a house in 31602?
By the numbers, sellers in 31602 are getting 83.6% of asking price and going under contract in about 53 days with 8.0 months of supply. Under four months of supply generally favors sellers; over six favors buyers. Whether it is a good time for you depends on what you paid and where you are going next, which is a conversation with an agent, not a chart.
What is the 31602 housing market forecast?
Momentum Realty publishes the recorded trend, not a prediction: 31602 median sale prices are down 42.1% year over year, inventory stands at 8.0 months of supply, and 33% of listings are under contract. The charts on this page update with every MLS refresh, so the direction shows up here before any forecast catches it.
What is the median home price in 31602?
The median sale price in 31602 is currently $215,000, down 42.1% from a year ago, based on MLS sales data updated September 21, 2026.
Is 31602 a buyer's or seller's market right now?
The data currently favors buyers. 31602 scores 34 of 100 on the Momentum Score, with 8.0 months of housing supply. Conditions change; this page updates daily.
How long do homes take to sell in 31602?
The typical home in 31602 goes under contract in about 53 days, per current MLS data.
How many homes are for sale in 31602?
There are approximately 2 active listings in 31602 as of September 21, 2026.
Are home prices in 31602 rising or falling?
Median sale prices are down 42.1% year over year based on a rolling comparison of MLS sales.
Momentum agents use this intelligence every day to price listings and write winning offers across 31602 (Valdosta). Talk through what the numbers mean for your move.
Every number on this page is computed directly from licensed Georgia MLS feeds, recorded public sales and public records — nothing is manually adjusted or estimated by hand. Medians use recorded closed sales; supply figures use live listing counts refreshed twice daily; the Momentum Score methodology is summarized .
Analyst oversight: Jon Brooks — Co-Founder, Momentum Realty · CEO, Momentum Research · Housing Market Analyst · methodology reviewed quarterly · Last data refresh: September 21, 2026 at 8:13 PM ET
Statistics on this page are computed automatically from licensed MLS feeds and public data sources (public records) and summarized without manual review. Figures are estimates based on recent recorded activity, are deemed reliable but not guaranteed, and should be verified with a licensed agent before making decisions. This page does not constitute an appraisal or an automated valuation of any specific property. Momentum Realty is licensed in Florida and Georgia. Equal Housing Opportunity.