Is Gwinnett County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Gwinnett County has remained a Seller's Market.
Housing Prices in Gwinnett County, GA
How much do homes in Gwinnett County, GA cost?
Median Sold Price
$420,084
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gwinnett County was $420,084 in April 2024, up 3.5% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $208.7K | +12.8% |
2 Bedrooms | $259K | $275.6K | +6.4% |
3 Bedrooms | $347.6K | $360K | +3.5% |
4 Bedrooms | $420K | $435K | +3.6% |
5+ Bedrooms | $569.1K | $585.2K | +2.8% |
Summary: Gwinnett County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Counties
Barrow County | $331.4K | $350.6K | +5.8% |
Forsyth County | $549.5K | $579.5K | +5.5% |
Gwinnett County | $405.7K | $420K | +3.5% |
Walton County | $394.9K | $395.2K | 0.1% |
DeKalb County | $348.8K | $348.1K | -0.2% |
Housing Supply in Gwinnett County, GA
How many homes are available in Gwinnett County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3,215 | 3,665 | +14.0% |
Summary: The Gwinnett County real estate market had 3,665 homes for sale in April 2024, a 14.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 7 | 0.0% |
2 Bedrooms | 131 | 149 | +13.7% |
3 Bedrooms | 1,026 | 1,166 | +13.6% |
4 Bedrooms | 1,123 | 1,284 | +14.3% |
5+ Bedrooms | 928 | 1,059 | +14.1% |
Summary: The Gwinnett County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 14.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
875 | 922 | +5.4% |
Asking Price vs. Sold Price
370 Homes Were Sold
Under Asking
218 Homes Were Sold
At Asking
303 Homes Were Sold
Over Asking
Summary: A total of 922 homes were sold or pending in Gwinnett County in April 2024, up by 5.4% month-over-month. Of the 891 sold homes, 42% were sold under asking, 24% were sold at asking, and 34% were sold over asking.
Days on Market for Gwinnett County, GA
How long does it take to sell a home in Gwinnett County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 23 Days | -32.2% |
Summary: Homes in Gwinnett County had an average of 23 days on market in Apr 2024, down by 32.2% compared to last year.
Breakdown of Home Sale Times
713 Homes Were Sold
Under 30 Days
152 Homes Were Sold
In 30 - 90 Days
57 Homes Were Sold
Over 90 Days
Summary: During April 2024, 922 homes were sold in Gwinnett County; 77% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.