$10,000 Closing Credit*
$1,430,000
4,800 SqFt
5 Beds
•5 Full Baths, 1 Partial
Joan Hertz, Listing Office: Keller Williams North Atlanta
Is Suwanee, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Suwanee has remained a Seller's Market.
Key Takeaway
Suwanee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Suwanee, GA
How much do homes in Suwanee, GA cost?
Median Sold Price
$627,134
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$52,138(+9.1%)
Key Takeaway
Homes in Suwanee have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Suwanee was $627,134 in September 2024, up 9.1% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $355.5K | $373.2K | +5.0% |
| 3 Bedrooms | $465K | $508.5K | +9.4% |
| 4 Bedrooms | $550K | $585K | +6.4% |
| 5+ Bedrooms | $771.3K | $860.7K | +11.6% |
Summary: Suwanee housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 11.6%.
Median Sold Price Compared To Nearby Cities
| Duluth | $458.2K | $529.2K | +15.5% |
| Suwanee-Duluth | $475.3K | $527.3K | +10.9% |
| Suwanee | $574.9K | $627.1K | +9.1% |
| Buford-Sugar Hill | $460.2K | $499.8K | +8.6% |
| Sugar Hill | $430K | $460K | +7.0% |
Housing Supply in Suwanee, GA
How many homes are available in Suwanee, GA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 403 | 410 | +1.7% |
Summary: The Suwanee real estate market had 410 homes for sale in September 2024, a 1.7% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 98 | 98 | 0.0% |
| 4 Bedrooms | 130 | 129 | -0.8% |
| 5+ Bedrooms | 167 | 174 | +4.2% |
Summary: The Suwanee housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 110 | 71 | -35.5% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Suwanee, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 71 homes were sold or pending in Suwanee in September 2024, down by 35.5% month-over-month. Of the 66 sold homes, 50% were sold under asking, 24% were sold at asking, and 26% were sold over asking.
Days on Market for Suwanee, GA
How long does it take to sell a home in Suwanee, GA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 20 Days | 22 Days | +9.7% |
Summary: Homes in Suwanee had an average of 22 days on market in Sep 2024, up by 9.7% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Suwanee are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 71 homes were sold in Suwanee; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% 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.