Is Big Creek, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Big Creek is a 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

+$62,783(+9.5%)

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

# BEDSMay 2023May 2024CHANGE
1 -$323K
N/A
2 $400K$447.5K
+11.9%
3 $475K$514K
+8.2%
4 $615K$660K
+7.3%
5+ $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
+11.5%
Big Creek
+9.5%
Roswell-Alpharetta
+9.4%
Johns Creek
+9.1%
Alpharetta
+9.0%

Housing Supply in Big Creek, GA

How many homes are available in Big Creek, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
294329+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 58
+60.0%
3 6266
+6.5%
4 7995
+20.3%
5+ 148160
+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 2024May 2024CHANGE
9887-11.2%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

48 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023May 2024CHANGE
15 Days9 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

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