$5,344 Closing Credit*
$450,000
2,062 SqFt
4 Beds
•2 Full Baths
Charla Williams, Listing Office: RE/MAX Center
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 November 2023
Since last year, Buford-Sugar Hill has remained a Seller's Market.
Key Takeaway
Buford-Sugar Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buford-Sugar Hill, GA
How much do homes in Buford-Sugar Hill, GA cost?
Median Sold Price
$505,416
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$48,443(+10.6%)
Key Takeaway
Homes in Buford-Sugar Hill have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Buford-Sugar Hill was $505,416 in November 2024, up 10.6% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150.5K | - | N/A |
| 2 Bedrooms | $300K | $319.9K | +6.7% |
| 3 Bedrooms | $371.1K | $395K | +6.4% |
| 4 Bedrooms | $461K | $504.3K | +9.4% |
| 5+ Bedrooms | $659.9K | $690K | +4.6% |
Summary: Buford-Sugar Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Buford-Sugar Hill | $456.9K | $505.4K | +10.6% |
| Sugar Hill | $430K | $464.1K | +7.9% |
| Suwanee | $585.2K | $630.1K | +7.7% |
| Buford | $470K | $501K | +6.6% |
Housing Supply in Buford-Sugar Hill, GA
How many homes are available in Buford-Sugar Hill, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 323 | 327 | +1.2% |
Summary: The Buford-Sugar Hill real estate market had 327 homes for sale in November 2024, a 1.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 112 | 119 | +6.3% |
| 4 Bedrooms | 106 | 95 | -10.4% |
| 5+ Bedrooms | 100 | 104 | +4.0% |
Summary: The Buford-Sugar Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 63 | 66 | +4.8% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buford-Sugar Hill, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Buford-Sugar Hill in November 2024, up by 4.8% month-over-month. Of the 66 sold homes, 45% were sold under asking, 30% were sold at asking, and 24% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 34 Days | +30.3% |
Summary: Homes in Buford-Sugar Hill had an average of 34 days on market in Nov 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buford-Sugar Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 66 homes were sold in Buford-Sugar Hill; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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