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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Buford-Sugar Hill is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Buford-Sugar Hill, GA cost?

Median Sold Price

$432,434

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$77,749(+21.9%)

Key Takeaway

Homes in Buford-Sugar Hill have sold for 21.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $194K$152K
-21.6%
2 $219.9K$250K
+13.7%
3 $284.9K$350K
+22.8%
4 $350K$440K
+25.7%
5+ $485K$573.3K
+18.2%

Median Sold Price Compared To Nearby Cities

Sugar Hill
+24.3%
Suwanee
+24.3%
Buford-Sugar Hill
+21.9%
Buford
+12.8%

How many homes are available in Buford-Sugar Hill, GA?

Number of Homes For Sale

Jul 2022Aug 2022%
379354-6.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 10
-100.0%
2 99
0.0%
3 122112
-8.2%
4 139128
-7.9%
5+ 108105
-2.8%

Number of Homes Sold

Jul 2022Aug 2022%
13080-38.5%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Buford-Sugar Hill, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
11 Days26 Days+123.8%

Breakdown of Home Sale Times

60 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Buford-Sugar Hill 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-Sugar Hill, GA

Number of homes for sale in Buford-Sugar Hill, GA real estate market have reached 354. Between July 2022 and August 2022, Buford-Sugar Hill, GA real estate market has seen decrease in the number of listings by 6.6%. In August 2022 median list price was $432,434 and the average listing age was 26 days. Listing prices have changed in this real estate market between July 2022 and August 2022: prices of 1 bedroom properties went down by 21.6%, 2 bedrooms properties became 13.7% more expensive, the cost of 3 bedrooms properties went up by 22.8%, 4 bedrooms properties prices increased by 25.7%, 5 bedrooms properties prices increased by 18.2%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 100%, 2 bedrooms homes inventory did not change, 3 bedrooms homes inventory decreased by 8.2%, number of 4 bedrooms homes decreased by 7.9%, the quantity of 5 bedrooms homes went down by 2.8%. Over 17 listings were sold over their listed price in August 2022 in Buford-Sugar Hill, GA. In the same period over 35 listings were sold below the listed price and 23 listings were sold for the listed price.

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