Is Buford, 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, Buford has remained a Seller's Market.
Housing Prices in Buford, GA
How much do homes in Buford, GA cost?
Median Sold Price
$477,861
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Buford was $477,861 in May 2024, up 2.8% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $156K | $141K | -9.6% |
2 Bedrooms | $302.5K | $330.2K | +9.2% |
3 Bedrooms | $370K | $400K | +8.1% |
4 Bedrooms | $445K | $474.7K | +6.7% |
5+ Bedrooms | $620.4K | $649.9K | +4.7% |
Summary: Buford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
Sugar Hill | $427.8K | $458.4K | +7.1% |
Buford-Sugar Hill | $451.5K | $483K | +7.0% |
Dacula-Rocky Creek | $441.8K | $464.3K | +5.1% |
Buford | $465K | $477.8K | +2.8% |
Housing Supply in Buford, GA
How many homes are available in Buford, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
467 | 542 | +16.1% |
Summary: The Buford real estate market had 542 homes for sale in May 2024, a 16.1% 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 | 13 | 10 | -23.1% |
3 Bedrooms | 127 | 155 | +22.0% |
4 Bedrooms | 150 | 164 | +9.3% |
5+ Bedrooms | 177 | 213 | +20.3% |
Summary: The Buford 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 decreased by 23.1%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 20.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
132 | 124 | -6.1% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 124 homes were sold or pending in Buford in May 2024, down by 6.1% month-over-month. Of the 118 sold homes, 45% were sold under asking, 29% were sold at asking, and 26% were sold over asking.
Days on Market for Buford, GA
How long does it take to sell a home in Buford, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 34 Days | -1.7% |
Summary: Homes in Buford had an average of 34 days on market in May 2024, down by 1.7% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 124 homes were sold in Buford; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.