Is Buford, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
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
How much do homes in Buford, GA cost?
Median Sold Price
$473,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Buford have sold for 11.3% more than they did a year ago.
Summary: The median home sold price in Buford was $473,000 in August 2023, up 11.3% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152K | $160K | +5.3% |
| 2 Bedrooms | $265K | $305K | +15.1% |
| 3 Bedrooms | $339K | $390K | +15.0% |
| 4 Bedrooms | $477.5K | $464K | -2.8% |
| 5+ Bedrooms | $645.1K | $640K | -0.8% |
Summary: Buford housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Buford | $425K | $473K | +11.3% |
| Sugar Hill | $400K | $430K | +7.5% |
| Buford-Sugar Hill | $430.7K | $456.9K | +6.1% |
| Dacula-Rocky Creek | $425.5K | $436.7K | +2.6% |
Housing Supply
How many homes are available in Buford, GA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 446 | 442 | -0.9% |
Summary: The Buford real estate market had 442 homes for sale in August 2023, a 0.9% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 136 | 112 | -17.6% |
| 4 Bedrooms | 135 | 144 | +6.7% |
| 5+ Bedrooms | 160 | 173 | +8.1% |
Summary: The Buford housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 8.1%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 109 | 112 | +2.8% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buford, you may be able to get a good deal. 62.6% of homes here sold below asking price last month.
Summary: A total of 112 homes were sold or pending in Buford in August 2023, up by 2.8% month-over-month. Of the 107 sold homes, 63% were sold under asking, 15% were sold at asking, and 22% were sold over asking.
Days on Market
How long does it take to sell a home in Buford, GA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 9 Days | 31 Days | +246.7% |
Summary: Homes in Buford had an average of 31 days on market in Aug 2023, up by 246.7% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buford are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 112 homes were sold in Buford; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2023 Greater Chattanooga Association of REALTORS®.