Is Sugar Hill, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sugar Hill has remained a Seller's Market.
Key Takeaway
Sugar Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sugar Hill, GA
How much do homes in Sugar Hill, GA cost?
Median Sold Price
$458,450
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sugar Hill have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in Sugar Hill was $458,450 in May 2024, up 7.1% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $306K | $300K | -2.0% |
| 3 Bedrooms | $365K | $370K | +1.4% |
| 4 Bedrooms | $442.5K | $467.5K | +5.6% |
| 5+ Bedrooms | $595K | $625.1K | +5.1% |
Summary: Sugar Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
| Suwanee-Duluth | $461.6K | $515K | +11.5% |
| Suwanee | $559.3K | $601.9K | +7.6% |
| Sugar Hill | $427.8K | $458.4K | +7.1% |
| Buford-Sugar Hill | $451.5K | $483K | +7.0% |
| Buford | $465K | $477.8K | +2.8% |
Housing Supply in Sugar Hill, GA
How many homes are available in Sugar Hill, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 157 | 179 | +14.0% |
Summary: The Sugar Hill real estate market had 179 homes for sale in May 2024, a 14.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 52 | 62 | +19.2% |
| 4 Bedrooms | 55 | 57 | +3.6% |
| 5+ Bedrooms | 49 | 58 | +18.4% |
Summary: The Sugar Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 18.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 49 | +6.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sugar Hill, you could pay more than the asking price. 59.1% of homes here sold above asking price last month.
Summary: A total of 49 homes were sold or pending in Sugar Hill in May 2024, up by 6.5% month-over-month. Of the 44 sold homes, 23% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for Sugar Hill, GA
How long does it take to sell a home in Sugar Hill, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 13 Days | -8.0% |
Summary: Homes in Sugar Hill had an average of 13 days on market in May 2024, down by 8% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sugar Hill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 49 homes were sold in Sugar Hill; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.