Is Cumming, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cumming has remained a Seller's Market.
Housing Prices in Cumming, GA
How much do homes in Cumming, GA cost?
Median Sold Price
$574,905
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cumming was $574,905 in March 2024, up 12.6% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $299.9K | $224K | -25.3% |
2 Bedrooms | $325K | $350K | +7.7% |
3 Bedrooms | $410K | $450K | +9.8% |
4 Bedrooms | $527.9K | $575K | +8.9% |
5+ Bedrooms | $675K | $732.1K | +8.5% |
Summary: Cumming housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.3%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 8.5%.
Housing Supply in Cumming, GA
How many homes are available in Cumming, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
769 | 890 | +15.7% |
Summary: The Cumming real estate market had 890 homes for sale in March 2024, a 15.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 4 | 0.0% |
2 Bedrooms | 52 | 45 | -13.5% |
3 Bedrooms | 173 | 229 | +32.4% |
4 Bedrooms | 245 | 278 | +13.5% |
5+ Bedrooms | 295 | 334 | +13.2% |
Summary: The Cumming housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 13.5%, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
219 | 209 | -4.6% |
Asking Price vs. Sold Price
95 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
74 Homes Were Sold
Over Asking
Summary: A total of 209 homes were sold or pending in Cumming in March 2024, down by 4.6% month-over-month. Of the 204 sold homes, 47% were sold under asking, 17% were sold at asking, and 36% were sold over asking.
Days on Market for Cumming, GA
How long does it take to sell a home in Cumming, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 21 Days | -44.0% |
Summary: Homes in Cumming had an average of 21 days on market in Mar 2024, down by 44% compared to last year.
Breakdown of Home Sale Times
169 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During March 2024, 209 homes were sold in Cumming; 81% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.