$5,344 Closing Credit*
$450,000
2,476 SqFt
4 Beds
•2 Full Baths, 1 Partial
Amy Mcdaniel, Listing Office: Drake Realty of GA, Inc.
Is Cumming, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$581,508
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$21,494(+3.8%)
Key Takeaway
Homes in Cumming have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Cumming was $581,508 in October 2024, up 3.8% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $224K | -34.1% |
| 2 Bedrooms | $340K | $370K | +8.8% |
| 3 Bedrooms | $445K | $465.5K | +4.6% |
| 4 Bedrooms | $562.2K | $588.5K | +4.7% |
| 5+ Bedrooms | $700K | $763.8K | +9.1% |
Summary: Cumming housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.1%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 9.1%.
Housing Supply in Cumming, GA
How many homes are available in Cumming, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,009 | 1,159 | +14.9% |
Summary: The Cumming real estate market had 1,159 homes for sale in October 2024, a 14.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 56 | 65 | +16.1% |
| 3 Bedrooms | 240 | 292 | +21.7% |
| 4 Bedrooms | 316 | 366 | +15.8% |
| 5+ Bedrooms | 396 | 435 | +9.8% |
Summary: The Cumming housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.1%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 9.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 163 | 239 | +46.6% |
Asking Price vs. Sold Price
143 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumming, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.
Summary: A total of 239 homes were sold or pending in Cumming in October 2024, up by 46.6% month-over-month. Of the 230 sold homes, 62% were sold under asking, 22% were sold at asking, and 16% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 43 Days | +91.6% |
Summary: Homes in Cumming had an average of 43 days on market in Oct 2024, up by 91.6% compared to last year.
Breakdown of Home Sale Times
115 Homes Were Sold
Under 30 Days
92 Homes Were Sold
In 30 - 90 Days
32 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 October 2024, 239 homes were sold in Cumming; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.