Is Norman Park, GA 31771 a buyer’s or seller’s market?
Norman Park is a buyer’s market. With about 11.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Norman Park housing market right now
In the three months ending August 31, 2026, 0% of homes in Norman Park, GA 31771 sold above their list price, the typical home went under contract in 34 days and there were 11.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (14 days then) and the median sale price rose 7% to $245,044. Overall, Norman Park is less competitive than a year ago, which gives buyers more room.
Within Colquitt County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Moultrie 31768 (14% sold over asking) and Moultrie 31788 (11% sold over asking) are even more competitive.
Run the numbers for 31771
Nearby markets
Berlin 31722Seller’s market $116 /sq ftHartsfield 31756Seller’s market $159 /sq ftMoultrie 31768Balanced $141 /sq ftMoultrie 31788Buyer’s market $152 /sq ft Browse all markets →Towns like Norman Park nearby
Find towns like Norman Park in other states →Where Norman Park is
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Questions about Norman Park real estate
Is Norman Park a buyer’s or seller’s market?
A buyer’s market: there were 11.2 months of supply in Norman Park, GA 31771 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Norman Park?
The typical home went under contract in 34 days in the latest three months.
Do homes in Norman Park sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.0% of the list price.
What are property taxes in Norman Park?
About 0.84% of a home’s value a year in Colquitt County, or roughly $3,360 on a $400,000 home.
What is the median home price in Norman Park?
The median sale price was $245,044 in the three months ending August 31, 2026, about $137 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology