$10,000 Closing Credit*
$890,000
3,979 SqFt
4 Beds
•3 Full Baths
Mikel Muffley, Listing Office: Weichert, Realtors - The Collective
Is Suwanee, 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, 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
$630,107
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$44,901(+7.7%)
Key Takeaway
Homes in Suwanee have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Suwanee was $630,107 in November 2024, up 7.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $367.4K | $376.5K | +2.5% |
| 3 Bedrooms | $472.5K | $505K | +6.9% |
| 4 Bedrooms | $554.7K | $595K | +7.3% |
| 5+ Bedrooms | $785K | $860K | +9.6% |
Summary: Suwanee 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 increased by 2.5%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 9.6%.
Median Sold Price Compared To Nearby Cities
| Duluth | $461.5K | $529.8K | +14.8% |
| Buford-Sugar Hill | $456.9K | $505.4K | +10.6% |
| Suwanee-Duluth | $486.3K | $527.7K | +8.5% |
| Sugar Hill | $430K | $464.1K | +7.9% |
| Suwanee | $585.2K | $630.1K | +7.7% |
Housing Supply in Suwanee, GA
How many homes are available in Suwanee, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 394 | 396 | +0.5% |
Summary: The Suwanee real estate market had 396 homes for sale in November 2024, a 0.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 105 | 114 | +8.6% |
| 4 Bedrooms | 130 | 130 | 0.0% |
| 5+ Bedrooms | 151 | 143 | -5.3% |
Summary: The Suwanee 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 12.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 67 | 0.0% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Suwanee, you may be able to get a good deal. 63.1% of homes here sold below asking price last month.
Summary: A total of 67 homes were sold or pending in Suwanee in November 2024, the same as the previous month. Of the 65 sold homes, 63% were sold under asking, 14% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 23 Days | 27 Days | +16.4% |
Summary: Homes in Suwanee had an average of 27 days on market in Nov 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
3 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 November 2024, 67 homes were sold in Suwanee; 60% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 4% 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. If you believe any FMLS listing contains material that infringes your copyrighted work please