$4,738 Closing Credit*
$399,000
1,626 SqFt
3 Beds
•2 Full Baths
Christina Pace, Listing Office: Emerald Heights Realty
Is Cumming, 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, Cumming has remained a Seller's Market.
Key Takeaway
Cumming is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cumming, GA
How much do homes in Cumming, GA cost?
Median Sold Price
$582,903
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,925(+3.5%)
Key Takeaway
Homes in Cumming have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in Cumming was $582,903 in November 2024, up 3.5% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $321.5K | $217K | -32.5% |
| 2 Bedrooms | $340K | $374.2K | +10.1% |
| 3 Bedrooms | $445K | $463.9K | +4.3% |
| 4 Bedrooms | $565K | $585.9K | +3.7% |
| 5+ Bedrooms | $707K | $768.9K | +8.8% |
Summary: Cumming housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.5%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 8.8%.
Housing Supply in Cumming, GA
How many homes are available in Cumming, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,071 | 1,029 | -3.9% |
Summary: The Cumming real estate market had 1,029 homes for sale in November 2024, a 3.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 53 | 55 | +3.8% |
| 3 Bedrooms | 281 | 265 | -5.7% |
| 4 Bedrooms | 341 | 347 | +1.8% |
| 5+ Bedrooms | 395 | 361 | -8.6% |
Summary: The Cumming 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 3.8%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 8.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 253 | 183 | -27.7% |
Asking Price vs. Sold Price
122 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumming, you may be able to get a good deal. 68.5% of homes here sold below asking price last month.
Summary: A total of 183 homes were sold or pending in Cumming in November 2024, down by 27.7% month-over-month. Of the 178 sold homes, 69% were sold under asking, 24% were sold at asking, and 8% were sold over asking.
Days on Market for Cumming, GA
How long does it take to sell a home in Cumming, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 38 Days | +97.5% |
Summary: Homes in Cumming had an average of 38 days on market in Nov 2024, up by 97.5% compared to last year.
Breakdown of Home Sale Times
97 Homes Were Sold
Under 30 Days
64 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cumming are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 183 homes were sold in Cumming; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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