Is Big Creek, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Big Creek has remained a Seller's Market.
Key Takeaway
Big Creek is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Big Creek, GA
How much do homes in Big Creek, GA cost?
Median Sold Price
$722,750
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Big Creek have sold for 9.5% more than they did a year ago.
Summary: The median home sold price in Big Creek was $722,750 in May 2024, up 9.5% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $323K | N/A |
| 2 Bedrooms | $400K | $447.5K | +11.9% |
| 3 Bedrooms | $475K | $514K | +8.2% |
| 4 Bedrooms | $615K | $660K | +7.3% |
| 5+ Bedrooms | $805K | $900K | +11.8% |
Summary: Big Creek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 11.8%.
Median Sold Price Compared To Nearby Cities
| Suwanee-Duluth | $461.6K | $515K | +11.5% |
| Big Creek | $659.9K | $722.7K | +9.5% |
| Roswell-Alpharetta | $632K | $691.6K | +9.4% |
| Johns Creek | $623.9K | $680.5K | +9.1% |
| Alpharetta | $655.8K | $715K | +9.0% |
Housing Supply in Big Creek, GA
How many homes are available in Big Creek, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 294 | 329 | +11.9% |
Summary: The Big Creek real estate market had 329 homes for sale in May 2024, a 11.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 62 | 66 | +6.5% |
| 4 Bedrooms | 79 | 95 | +20.3% |
| 5+ Bedrooms | 148 | 160 | +8.1% |
Summary: The Big Creek housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 20.3%, and 5+ bedroom homes increased by 8.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 98 | 87 | -11.2% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
48 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Big Creek, you could pay more than the asking price. 56.5% of homes here sold above asking price last month.
Summary: A total of 87 homes were sold or pending in Big Creek in May 2024, down by 11.2% month-over-month. Of the 85 sold homes, 28% were sold under asking, 15% were sold at asking, and 56% were sold over asking.
Days on Market for Big Creek, GA
How long does it take to sell a home in Big Creek, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 15 Days | 9 Days | -40.1% |
Summary: Homes in Big Creek had an average of 9 days on market in May 2024, down by 40.1% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Big Creek are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 87 homes were sold in Big Creek; 92% of homes were sold within 30 days, 8% 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.