Is Duluth, 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, Duluth has remained a Seller's Market.
Key Takeaway
Duluth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Duluth, GA
How much do homes in Duluth, GA cost?
Median Sold Price
$499,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Duluth have sold for 12.4% more than they did a year ago.
Summary: The median home sold price in Duluth was $499,000 in May 2024, up 12.4% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214K | $302.5K | +41.4% |
| 2 Bedrooms | $280K | $292.5K | +4.5% |
| 3 Bedrooms | $365.7K | $397.4K | +8.7% |
| 4 Bedrooms | $481K | $534.4K | +11.1% |
| 5+ Bedrooms | $785K | $901.6K | +14.9% |
Summary: Duluth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.4%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 14.9%.
Median Sold Price Compared To Nearby Cities
| Duluth | $443.8K | $499K | +12.4% |
| Suwanee-Duluth | $461.6K | $515K | +11.5% |
| Berkeley Lake | $630K | $690K | +9.5% |
| Johns Creek | $623.9K | $680.5K | +9.1% |
| Suwanee | $559.3K | $601.9K | +7.6% |
Housing Supply in Duluth, GA
How many homes are available in Duluth, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 370 | 461 | +24.6% |
Summary: The Duluth real estate market had 461 homes for sale in May 2024, a 24.6% 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 | 18 | 21 | +16.7% |
| 3 Bedrooms | 115 | 125 | +8.7% |
| 4 Bedrooms | 117 | 150 | +28.2% |
| 5+ Bedrooms | 120 | 165 | +37.5% |
Summary: The Duluth 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 16.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 97 | 120 | +23.7% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Duluth, you may be able to get a good deal. 45.7% of homes here sold below asking price last month.
Summary: A total of 120 homes were sold or pending in Duluth in May 2024, up by 23.7% month-over-month. Of the 116 sold homes, 46% were sold under asking, 16% were sold at asking, and 39% were sold over asking.
Days on Market for Duluth, GA
How long does it take to sell a home in Duluth, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 20 Days | 16 Days | -21.1% |
Summary: Homes in Duluth had an average of 16 days on market in May 2024, down by 21.1% compared to last year.
Breakdown of Home Sale Times
103 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Duluth are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 120 homes were sold in Duluth; 86% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 3% 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.