$2,909 Closing Credit*
$245,000
2 Beds
•2 Full Baths, 1 Partial
Adriana Katz, Listing Office: HomeSmart
Is Norcross, 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, 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
$347,625
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$16,625(+5.0%)
Key Takeaway
Homes in Norcross have sold for 5% more than they did a year ago.
Summary: The median home sold price in Norcross was $347,625 in November 2024, up 5% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $241.2K | $159K | -34.1% |
| 2 Bedrooms | $235K | $241.5K | +2.8% |
| 3 Bedrooms | $325.8K | $342.2K | +5.0% |
| 4 Bedrooms | $363.5K | $400K | +10.0% |
| 5+ Bedrooms | $430K | $399.9K | -7.0% |
Summary: Norcross housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.1%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Cities
| Peachtree Corners | $500K | $558.3K | +11.7% |
| Norcross | $331K | $347.6K | +5.0% |
Housing Supply in Norcross, GA
How many homes are available in Norcross, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 187 | 211 | +12.8% |
Summary: The Norcross real estate market had 211 homes for sale in November 2024, a 12.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 40 | 47 | +17.5% |
| 3 Bedrooms | 72 | 85 | +18.1% |
| 4 Bedrooms | 46 | 44 | -4.3% |
| 5+ Bedrooms | 27 | 33 | +22.2% |
Summary: The Norcross 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 17.5%, 3 bedroom homes increased by 18.1%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 41 | +17.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Norcross, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Norcross in November 2024, up by 17.1% month-over-month. Of the 36 sold homes, 50% were sold under asking, 31% were sold at asking, and 19% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 29 Days | +35.3% |
Summary: Homes in Norcross had an average of 29 days on market in Nov 2024, up by 35.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Norcross are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 41 homes were sold in Norcross; 59% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 2% 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.