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 August 2021

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.

How much do homes in Buford, GA cost?

Median Sold Price

$425,000

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$48,333(+12.8%)

Key Takeaway

Homes in Buford have sold for 12.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 -$152K
N/A
2 $230K$265K
+15.2%
3 $310K$339K
+9.4%
4 $395K$480K
+21.5%
5+ $498K$632K
+26.9%

Median Sold Price Compared To Nearby Cities

Sugar Hill
+24.3%
Buford-Sugar Hill
+21.9%
Dacula-Rocky Creek
+19.9%
Buford
+12.8%

How many homes are available in Buford, GA?

Number of Homes For Sale

Jul 2022Aug 2022%
8697+12.8%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 10
-100.0%
2 45
+25.0%
3 2229
+31.8%
4 3339
+18.2%
5+ 2624
-7.7%

Number of Homes Sold

Jul 2022Aug 2022%
1821+16.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 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. 47.4% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
13 Days16 Days+18.7%

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was 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.

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

About Buford, GA

Homes for sale in Buford, GA have reached 97. Between July 2022 and August 2022, Buford, GA real estate market has seen increase in the number of listings by 12.8%. While the average time on the market in August 2022 was 16 days, the median list price was $425,000. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 15.2%, prices of 3 bedrooms properties increased by 9.4%, the cost of 4 bedrooms properties went up by 21.5%, the cost of 5 bedrooms properties went up by 26.9%. This housing market inventory have changed: 1 bedroom homes inventory decreased by 100%, 2 bedrooms homes became 25% more available, volume of 3 bedrooms homes went up by 31.8%, number of 4 bedrooms homes increased by 18.2%, 5 bedrooms homes inventory decreased by 7.7%. In August 2022 more than 4 listings in Buford, GA were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 9 were sold below.

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