Is Buford-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, Buford-Sugar Hill has remained a Seller's Market.
Housing Prices in Buford-Sugar Hill, GA
How much do homes in Buford-Sugar Hill, GA cost?
Median Sold Price
$483,083
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Buford-Sugar Hill was $483,083 in May 2024, up 7% 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 | $156K | $141K | -9.6% |
2 Bedrooms | $292K | $310K | +6.2% |
3 Bedrooms | $370K | $388.6K | +5.0% |
4 Bedrooms | $462.3K | $485K | +4.9% |
5+ Bedrooms | $610K | $689.9K | +13.1% |
Summary: Buford-Sugar Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
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 Buford-Sugar Hill, GA
How many homes are available in Buford-Sugar Hill, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
310 | 367 | +18.4% |
Summary: The Buford-Sugar Hill real estate market had 367 homes for sale in May 2024, a 18.4% 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 | 4 | 3 | -25.0% |
3 Bedrooms | 99 | 112 | +13.1% |
4 Bedrooms | 104 | 118 | +13.5% |
5+ Bedrooms | 103 | 134 | +30.1% |
Summary: The Buford-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 decreased by 25%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 30.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
89 | 85 | -4.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Buford-Sugar Hill in May 2024, down by 4.5% month-over-month. Of the 79 sold homes, 23% were sold under asking, 28% were sold at asking, and 49% were sold over asking.
Days on Market for Buford-Sugar Hill, GA
How long does it take to sell a home in Buford-Sugar Hill, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 23 Days | -16.9% |
Summary: Homes in Buford-Sugar Hill had an average of 23 days on market in May 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 85 homes were sold in Buford-Sugar Hill; 86% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.