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 November 2022

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.

Housing Prices in Buford-Sugar Hill, GA

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

Median Sold Price

$455,314

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$5,316(+1.2%)

Key Takeaway

Homes in Buford-Sugar Hill have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Buford-Sugar Hill was $455,314 in November 2023, up 1.2% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $152K$150.5K
-1.0%
2 $278.8K$300K
+7.6%
3 $365K$370K
+1.4%
4 $462K$462K
0.0%
5+ $601.4K$656.6K
+9.2%

Summary: Buford-Sugar Hill housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 9.2%.

Median Sold Price Compared To Nearby Cities

Suwanee
+16.1%
Buford
+1.8%
Buford-Sugar Hill
+1.2%
Sugar Hill
+1.1%

Housing Supply in Buford-Sugar Hill, GA

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

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
251258+2.8%

Summary: The Buford-Sugar Hill real estate market had 258 homes for sale in November 2023, a 2.8% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 00
0.0%
2 1010
0.0%
3 6563
-3.1%
4 99101
+2.0%
5+ 7784
+9.1%

Summary: The Buford-Sugar Hill housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
6553-18.5%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

9 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. 60.4% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in Buford-Sugar Hill in November 2023, down by 18.5% month-over-month. Of the 48 sold homes, 60% were sold under asking, 21% were sold at asking, and 19% were sold over asking.

Days on Market for Buford-Sugar Hill, GA

How long does it take to sell a home in Buford-Sugar Hill, GA?

Average Sale Time

Nov 2022Nov 2023CHANGE
43 Days27 Days-36.6%

Summary: Homes in Buford-Sugar Hill had an average of 27 days on market in Nov 2023, down by 36.6% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

2 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.

Summary: During November 2023, 53 homes were sold in Buford-Sugar Hill; 58% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 4% 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 2 Days Ago

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