Is 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, Sugar Hill has remained a Seller's Market.
Housing Prices in Sugar Hill, GA
How much do homes in Sugar Hill, GA cost?
Median Sold Price
$458,450
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sugar Hill was $458,450 in May 2024, up 7.1% 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 | - | - | N/A |
2 Bedrooms | $306K | $300K | -2.0% |
3 Bedrooms | $365K | $370K | +1.4% |
4 Bedrooms | $442.5K | $467.5K | +5.6% |
5+ Bedrooms | $595K | $625.1K | +5.1% |
Summary: Sugar Hill 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 decreased by 2%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Suwanee-Duluth | $461.6K | $515K | +11.5% |
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 Sugar Hill, GA
How many homes are available in Sugar Hill, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
157 | 179 | +14.0% |
Summary: The Sugar Hill real estate market had 179 homes for sale in May 2024, a 14.0% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 52 | 62 | +19.2% |
4 Bedrooms | 55 | 57 | +3.6% |
5+ Bedrooms | 49 | 58 | +18.4% |
Summary: The 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 increased by 100%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 18.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
46 | 49 | +6.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Sugar Hill in May 2024, up by 6.5% month-over-month. Of the 44 sold homes, 23% were sold under asking, 18% were sold at asking, and 59% were sold over asking.
Days on Market for Sugar Hill, GA
How long does it take to sell a home in Sugar Hill, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 13 Days | -8.0% |
Summary: Homes in Sugar Hill had an average of 13 days on market in May 2024, down by 8% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 49 homes were sold in Sugar Hill; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.