$4,988 Closing Credit*
$420,000
2,176 SqFt
3 Beds
•2 Full Baths, 1 Partial
Lori Jarrett, Listing Office: Bolst, Inc.
Is Suwanee-Duluth, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Suwanee-Duluth was a Seller's Market.
Key Takeaway
Suwanee-Duluth is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Suwanee-Duluth, GA
How much do homes in Suwanee-Duluth, GA cost?
Median Sold Price
$527,703
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$41,348(+8.5%)
Key Takeaway
Homes in Suwanee-Duluth have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in Suwanee-Duluth was $527,703 in November 2024, up 8.5% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $302.5K | $243K | -19.7% |
| 2 Bedrooms | $287.5K | $316.5K | +10.1% |
| 3 Bedrooms | $410K | $445K | +8.5% |
| 4 Bedrooms | $517.9K | $536.6K | +3.6% |
| 5+ Bedrooms | $700.5K | $798.9K | +14.1% |
Summary: Suwanee-Duluth housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.7%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Cities
| Duluth | $461.5K | $529.8K | +14.8% |
| Suwanee-Duluth | $486.3K | $527.7K | +8.5% |
| Suwanee | $585.2K | $630.1K | +7.7% |
| Johns Creek | $650.3K | $699.9K | +7.6% |
Housing Supply in Suwanee-Duluth, GA
How many homes are available in Suwanee-Duluth, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 557 | 530 | -4.8% |
Summary: The Suwanee-Duluth real estate market had 530 homes for sale in November 2024, a 4.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 30 | 31 | +3.3% |
| 3 Bedrooms | 205 | 193 | -5.9% |
| 4 Bedrooms | 160 | 147 | -8.1% |
| 5+ Bedrooms | 161 | 156 | -3.1% |
Summary: The Suwanee-Duluth housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 3.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 117 | 82 | -29.9% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Suwanee-Duluth, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 82 homes were sold or pending in Suwanee-Duluth in November 2024, down by 29.9% month-over-month. Of the 80 sold homes, 59% were sold under asking, 19% were sold at asking, and 23% were sold over asking.
Days on Market for Suwanee-Duluth, GA
How long does it take to sell a home in Suwanee-Duluth, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 38 Days | +49.4% |
Summary: Homes in Suwanee-Duluth had an average of 38 days on market in Nov 2024, up by 49.4% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Suwanee-Duluth are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 82 homes were sold in Suwanee-Duluth; 52% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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