Is Buford-Sugar Hill, 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-Sugar Hill has remained a Seller's Market.
Key Takeaway
Buford-Sugar Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buford-Sugar Hill, GA
How much do homes in Buford-Sugar Hill, GA cost?
Median Sold Price
$483,083
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Buford-Sugar Hill have sold for 7% more than they did a year ago.
Summary: The median home sold price in Buford-Sugar Hill was $483,083 in May 2024, up 7% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156K | $141K | -9.6% |
| 2 Bedrooms | $292K | $310K | +6.2% |
| 3 Bedrooms | $370K | $388.6K | +5.0% |
| 4 Bedrooms | $462.3K | $485K | +4.9% |
| 5+ Bedrooms | $610K | $689.9K | +13.1% |
Summary: Buford-Sugar Hill 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 6.2%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 13.1%.
Median Sold Price Compared To Nearby Cities
| Suwanee | $559.3K | $601.9K | +7.6% |
| Sugar Hill | $427.8K | $458.4K | +7.1% |
| Buford-Sugar Hill | $451.5K | $483K | +7.0% |
| Buford | $465K | $477.8K | +2.8% |
Housing Supply in Buford-Sugar Hill, GA
How many homes are available in Buford-Sugar Hill, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 310 | 367 | +18.4% |
Summary: The Buford-Sugar Hill real estate market had 367 homes for sale in May 2024, a 18.4% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 99 | 112 | +13.1% |
| 4 Bedrooms | 104 | 118 | +13.5% |
| 5+ Bedrooms | 103 | 134 | +30.1% |
Summary: The Buford-Sugar Hill 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 25%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 30.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 89 | 85 | -4.5% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buford-Sugar Hill, you could pay more than the asking price. 49.4% of homes here sold above asking price last month.
Summary: A total of 85 homes were sold or pending in Buford-Sugar Hill in May 2024, down by 4.5% month-over-month. Of the 79 sold homes, 23% were sold under asking, 28% were sold at asking, and 49% were sold over asking.
Days on Market for Buford-Sugar Hill, GA
How long does it take to sell a home in Buford-Sugar Hill, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 23 Days | -16.9% |
Summary: Homes in Buford-Sugar Hill had an average of 23 days on market in May 2024, down by 16.9% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buford-Sugar Hill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 85 homes were sold in Buford-Sugar Hill; 86% of homes were sold within 30 days, 11% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.