$59,900
0.36 Acres
Land
Michael Migliore, Listing Office: Realty Gold Team
Is Norcross, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Norcross has remained a Seller's Market.
Key Takeaway
Norcross is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Norcross, GA
How much do homes in Norcross, GA cost?
Median Sold Price
$349,633
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$16,189(+4.9%)
Key Takeaway
Homes in Norcross have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Norcross was $349,633 in December 2024, up 4.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $159K | -54.6% |
| 2 Bedrooms | $239.9K | $247.5K | +3.2% |
| 3 Bedrooms | $327.6K | $344.5K | +5.1% |
| 4 Bedrooms | $365K | $405K | +11.0% |
| 5+ Bedrooms | $425K | $415K | -2.4% |
Summary: Norcross housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 54.6%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 11%, and 5+ bedroom homes decreased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Peachtree Corners | $504K | $549K | +8.9% |
| Norcross | $333.4K | $349.6K | +4.9% |
Housing Supply in Norcross, GA
How many homes are available in Norcross, GA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 190 | 183 | -3.7% |
Summary: The Norcross real estate market had 183 homes for sale in December 2024, a 3.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 40 | 51 | +27.5% |
| 3 Bedrooms | 80 | 65 | -18.8% |
| 4 Bedrooms | 42 | 36 | -14.3% |
| 5+ Bedrooms | 26 | 29 | +11.5% |
Summary: The Norcross housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.5%, 3 bedroom homes decreased by 18.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 40 | 47 | +17.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norcross, expect to pay close to the asking price. 47.7% of homes here sold near the asking price last month.
Summary: A total of 47 homes were sold or pending in Norcross in December 2024, up by 17.5% month-over-month. Of the 44 sold homes, 34% were sold under asking, 48% were sold at asking, and 18% were sold over asking.
Days on Market for Norcross, GA
How long does it take to sell a home in Norcross, GA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 25 Days | 39 Days | +55.0% |
Summary: Homes in Norcross had an average of 39 days on market in Dec 2024, up by 55% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Norcross are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 47 homes were sold in Norcross; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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