$4,988 Closing Credit*
$420,000
2,176 SqFt
3 Beds
•2 Full Baths, 1 Partial
Lori Jarrett, Listing Office: Bolst, Inc.
Is Duluth, 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, 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
$529,877
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$68,349(+14.8%)
Key Takeaway
Homes in Duluth have sold for 14.8% more than they did a year ago.
Summary: The median home sold price in Duluth was $529,877 in November 2024, up 14.8% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $243K | -19.7% |
| 2 Bedrooms | $280K | $297K | +6.1% |
| 3 Bedrooms | $376K | $399.7K | +6.3% |
| 4 Bedrooms | $517K | $542.9K | +5.0% |
| 5+ Bedrooms | $856K | $940.9K | +9.9% |
Summary: Duluth housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Duluth | $461.5K | $529.8K | +14.8% |
| Suwanee-Duluth | $486.3K | $527.7K | +8.5% |
| Suwanee | $585.2K | $630.1K | +7.7% |
| Johns Creek | $650.3K | $699.9K | +7.6% |
Housing Supply in Duluth, GA
How many homes are available in Duluth, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 419 | 389 | -7.2% |
Summary: The Duluth real estate market had 389 homes for sale in November 2024, a 7.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 29 | 25 | -13.8% |
| 3 Bedrooms | 148 | 133 | -10.1% |
| 4 Bedrooms | 106 | 104 | -1.9% |
| 5+ Bedrooms | 135 | 124 | -8.1% |
Summary: The Duluth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 10.1%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 8.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 104 | 67 | -35.6% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Duluth, you may be able to get a good deal. 54.7% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Duluth in November 2024, down by 35.6% month-over-month. Of the 64 sold homes, 55% were sold under asking, 22% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 35 Days | +71.5% |
Summary: Homes in Duluth had an average of 35 days on market in Nov 2024, up by 71.5% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 67 homes were sold in Duluth; 60% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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