Is Sugar Hill, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sugar Hill is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Sugar Hill has remained a Seller's Market.

Key Takeaway

Sugar Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sugar Hill, GA

How much do homes in Sugar Hill, GA cost?

Median Sold Price

$464,139

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$34,139(+7.9%)

Key Takeaway

Homes in Sugar Hill have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Sugar Hill was $464,139 in November 2024, up 7.9% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $300K$279K
-7.0%
3 $360K$382.2K
+6.2%
4 $445K$475K
+6.7%
5+ $613.7K$697.3K
+13.6%

Summary: Sugar Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 13.6%.

Median Sold Price Compared To Nearby Cities

Buford-Sugar Hill
+10.6%
Suwanee-Duluth
+8.5%
Sugar Hill
+7.9%
Suwanee
+7.7%
Buford
+6.6%

Housing Supply in Sugar Hill, GA

How many homes are available in Sugar Hill, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1561560.0%

Summary: The Sugar Hill real estate market had 156 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 6265
+4.8%
4 5646
-17.9%
5+ 3440
+17.6%

Summary: The Sugar Hill 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 25%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 17.9%, and 5+ bedroom homes increased by 17.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3336+9.1%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sugar Hill, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Sugar Hill in November 2024, up by 9.1% month-over-month. Of the 36 sold homes, 42% were sold under asking, 42% were sold at asking, and 17% were sold over asking.

Days on Market for Sugar Hill, GA

How long does it take to sell a home in Sugar Hill, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
23 Days26 Days+10.0%

Summary: Homes in Sugar Hill had an average of 26 days on market in Nov 2024, up by 10% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sugar Hill are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 36 homes were sold in Sugar Hill; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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