Is Duluth, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Duluth has remained a Seller's Market.
Housing Prices in Duluth, GA
How much do homes in Duluth, GA cost?
Median Sold Price
$509,952
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Duluth was $509,952 in June 2024, up 14.2% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $302.5K | +37.5% |
2 Bedrooms | $280K | $295K | +5.4% |
3 Bedrooms | $369.9K | $396.7K | +7.2% |
4 Bedrooms | $493K | $540K | +9.5% |
5+ Bedrooms | $800K | $900K | +12.5% |
Summary: Duluth housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
Duluth | $446.6K | $509.9K | +14.2% |
Suwanee-Duluth | $462.6K | $520.2K | +12.5% |
Johns Creek | $620K | $685K | +10.5% |
Suwanee | $554.6K | $611K | +10.2% |
Housing Supply in Duluth, GA
How many homes are available in Duluth, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
449 | 477 | +6.2% |
Summary: The Duluth real estate market had 477 homes for sale in June 2024, a 6.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 20 | 23 | +15.0% |
3 Bedrooms | 124 | 131 | +5.6% |
4 Bedrooms | 151 | 137 | -9.3% |
5+ Bedrooms | 154 | 185 | +20.1% |
Summary: The Duluth housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 20.1%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
141 | 96 | -31.9% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 96 homes were sold or pending in Duluth in June 2024, down by 31.9% month-over-month. Of the 96 sold homes, 44% were sold under asking, 22% were sold at asking, and 34% were sold over asking.
Days on Market for Duluth, GA
How long does it take to sell a home in Duluth, GA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
20 Days | 20 Days | +0.7% |
Summary: Homes in Duluth had an average of 20 days on market in Jun 2024, up by 0.7% compared to last year.
Breakdown of Home Sale Times
73 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 96 homes were sold in Duluth; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.