$6,815 Closing Credit*
$573,900
2,170 SqFt
3 Beds
•3 Full Baths, 1 Partial
Ambrish Sanghvi, Listing Office: Keller Williams Realty
Is Suwanee, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Suwanee was a Seller's Market.
Key Takeaway
Suwanee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Suwanee, GA
How much do homes in Suwanee, GA cost?
Median Sold Price
$629,782
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$49,782(+8.6%)
Key Takeaway
Homes in Suwanee have sold for 8.6% more than they did a year ago.
Summary: The median home sold price in Suwanee was $629,782 in October 2024, up 8.6% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $365K | $370K | +1.4% |
| 3 Bedrooms | $469.6K | $510K | +8.6% |
| 4 Bedrooms | $555K | $590K | +6.3% |
| 5+ Bedrooms | $785K | $856.3K | +9.1% |
Summary: Suwanee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Cities
| Duluth | $460.3K | $524.9K | +14.0% |
| Suwanee-Duluth | $480.8K | $524.9K | +9.2% |
| Buford-Sugar Hill | $459.9K | $501.3K | +9.0% |
| Suwanee | $580K | $629.7K | +8.6% |
| Sugar Hill | $430K | $460.5K | +7.1% |
Housing Supply in Suwanee, GA
How many homes are available in Suwanee, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 391 | 438 | +12.0% |
Summary: The Suwanee real estate market had 438 homes for sale in October 2024, a 12.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 99 | 115 | +16.2% |
| 4 Bedrooms | 123 | 143 | +16.3% |
| 5+ Bedrooms | 162 | 172 | +6.2% |
Summary: The Suwanee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes increased by 6.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 61 | -23.8% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Suwanee, you may be able to get a good deal. 64.4% of homes here sold below asking price last month.
Summary: A total of 61 homes were sold or pending in Suwanee in October 2024, down by 23.8% month-over-month. Of the 59 sold homes, 64% were sold under asking, 12% were sold at asking, and 24% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 22 Days | 37 Days | +64.4% |
Summary: Homes in Suwanee had an average of 37 days on market in Oct 2024, up by 64.4% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
5 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 October 2024, 61 homes were sold in Suwanee; 51% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 8% 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.