$5,641 Closing Credit*
$475,000
1,972 SqFt
3 Beds
•2 Full Baths
Brian Smith, Listing Office: Keller Williams North Atlanta
Is Gwinnett County, 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, Gwinnett County has remained a Seller's Market.
Key Takeaway
Gwinnett County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gwinnett County, GA
How much do homes in Gwinnett County, GA cost?
Median Sold Price
$430,290
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,995(+5.1%)
Key Takeaway
Homes in Gwinnett County have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Gwinnett County was $430,290 in November 2024, up 5.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $191K | $200K | +4.7% |
| 2 Bedrooms | $274.9K | $270.6K | -1.6% |
| 3 Bedrooms | $351.7K | $365K | +3.8% |
| 4 Bedrooms | $424.9K | $443.5K | +4.4% |
| 5+ Bedrooms | $569.7K | $599.9K | +5.3% |
Summary: Gwinnett County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Counties
| Gwinnett County | $409.2K | $430.2K | +5.1% |
| Barrow County | $345.4K | $361.1K | +4.5% |
| Forsyth County | $560K | $584.7K | +4.4% |
| DeKalb County | $342.7K | $356K | +3.9% |
| Walton County | $390.2K | $398.6K | +2.2% |
Housing Supply in Gwinnett County, GA
How many homes are available in Gwinnett County, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4,050 | 4,018 | -0.8% |
Summary: The Gwinnett County real estate market had 4,018 homes for sale in November 2024, a 0.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 166 | 178 | +7.2% |
| 3 Bedrooms | 1,386 | 1,390 | 0.3% |
| 4 Bedrooms | 1,383 | 1,359 | -1.7% |
| 5+ Bedrooms | 1,110 | 1,084 | -2.3% |
Summary: The Gwinnett County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 2.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 884 | 701 | -20.7% |
Asking Price vs. Sold Price
379 Homes Were Sold
Under Asking
155 Homes Were Sold
At Asking
131 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gwinnett County, you may be able to get a good deal. 57% of homes here sold below asking price last month.
Summary: A total of 701 homes were sold or pending in Gwinnett County in November 2024, down by 20.7% month-over-month. Of the 665 sold homes, 57% were sold under asking, 23% were sold at asking, and 20% were sold over asking.
Days on Market for Gwinnett County, GA
How long does it take to sell a home in Gwinnett County, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 39 Days | +28.5% |
Summary: Homes in Gwinnett County had an average of 39 days on market in Nov 2024, up by 28.5% compared to last year.
Breakdown of Home Sale Times
368 Homes Were Sold
Under 30 Days
263 Homes Were Sold
In 30 - 90 Days
70 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gwinnett County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 701 homes were sold in Gwinnett County; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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