Is Cumming, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cumming is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Cumming has remained a Seller's Market.

Key Takeaway

Cumming is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cumming, GA cost?

Median Sold Price

$365,000

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$65,000(+21.7%)

Key Takeaway

Homes in Cumming have sold for 21.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 --
N/A
2 $239.5K$340K
+42.0%
3 $292.5K$355K
+21.4%
4 $417.5K$401K
-4.0%
5+ $410K$785K
+91.5%

How many homes are available in Cumming, GA?

Number of Homes For Sale

Aug 2022Sep 2022%
2122+4.8%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 67
+16.7%
3 1210
-16.7%
4 24
+100.0%
5+ 11
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
112+1100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cumming, you could pay more than the asking price. 45.5% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
4 Days12 Days+183.3%

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cumming 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 Cumming, GA

Homes for sale in Cumming, GA have reached 22. The inventory of homes for sale in Cumming, GA between August 2022 and September 2022 increased by 4.8%. In September 2022, listings were on the market for 12 days. During the same period, the median list price in this real estate market was $365,000. Real estate listing prices changed between August 2022 and September 2022: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 42%, the cost of 3 bedrooms properties went up by 21.4%, prices of 4 bedrooms properties decreased by 4%, 5 bedrooms properties became 91.5% more expensive. This housing market inventory have changed: 1 bedroom homes did not move, 2 bedrooms homes became 16.7% more available, 3 bedrooms homes inventory decreased by 16.7%, the quantity of 4 bedrooms homes went up by 100%, volume of 5 bedrooms homes stayed the same. While more than 5 listings in Cumming, GA in September 2022 were sold above asking price, there were more than 3 listings sold at asking price, and more than 3 were sold below.