Is Buford, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buford is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Buford has remained a Seller's Market.

Key Takeaway

Buford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Buford, GA

How much do homes in Buford, GA cost?

Median Sold Price

$501,096

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,063(+6.6%)

Key Takeaway

Homes in Buford have sold for 6.6% more than they did a year ago.

Summary: The median home sold price in Buford was $501,096 in November 2024, up 6.6% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $150.5K-
N/A
2 $320K$326K
+1.9%
3 $388.7K$402.9K
+3.7%
4 $456.1K$490K
+7.4%
5+ $629.5K$641.5K
+1.9%

Summary: Buford housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Cities

Buford-Sugar Hill
+10.6%
Sugar Hill
+7.9%
Dacula-Rocky Creek
+7.8%
Buford
+6.6%

Housing Supply in Buford, GA

How many homes are available in Buford, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
505517+2.4%

Summary: The Buford real estate market had 517 homes for sale in November 2024, a 2.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1519
+26.7%
3 141149
+5.7%
4 178177
-0.6%
5+ 171172
+0.6%

Summary: The Buford housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 0.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10391-11.7%

Asking Price vs. Sold Price

56 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buford, you may be able to get a good deal. 62.9% of homes here sold below asking price last month.

Summary: A total of 91 homes were sold or pending in Buford in November 2024, down by 11.7% month-over-month. Of the 89 sold homes, 63% were sold under asking, 19% were sold at asking, and 18% 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

Nov 2023Nov 2024CHANGE
34 Days44 Days+28.8%

Summary: Homes in Buford had an average of 44 days on market in Nov 2024, up by 28.8% compared to last year.

Breakdown of Home Sale Times

47 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Buford are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 91 homes were sold in Buford; 52% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 14% 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 8 Days Ago

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