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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Duluth is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Duluth, GA cost?

Median Sold Price

$378,738

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$58,738(+18.4%)

Key Takeaway

Homes in Duluth have sold for 18.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $128K$208K
+62.5%
2 $215K$265K
+23.3%
3 $279K$345K
+23.7%
4 $370K$450K
+21.6%
5+ $455K$563K
+23.7%

Median Sold Price Compared To Nearby Cities

Berkeley Lake
+30.0%
Johns Creek
+25.4%
Suwanee
+24.3%
Suwanee-Duluth
+20.7%
Duluth
+18.4%

How many homes are available in Duluth, GA?

Number of Homes For Sale

Jul 2022Aug 2022%
138144+4.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 11
0.0%
2 2118
-14.3%
3 6565
0.0%
4 3144
+41.9%
5+ 2016
-20.0%

Number of Homes Sold

Jul 2022Aug 2022%
4036-10.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Duluth, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
7 Days11 Days+46.7%

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Duluth 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 Duluth, GA

Homes for sale in Duluth, GA have reached 144. Between July 2022 and August 2022, Duluth, GA real estate market has seen increase in the number of listings by 4.3%. Listings spent 11 days on the market in August 2022, and had a median list price of $378,738 during the same period. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 62.5%, prices of 2 bedrooms properties went up by 23.3%, 3 bedrooms properties prices increased by 23.7%, the cost of 4 bedrooms properties went up by 21.6%, 5 bedrooms properties prices increased by 23.7%. This housing market inventory have changed: 1 bedroom homes inventory did not change, 2 bedrooms homes inventory decreased by 14.3%, 3 bedrooms homes did not move, number of 4 bedrooms homes increased by 41.9%, number of 5 bedrooms homes decreased by 20%. Duluth, GA housing market in August 2022 saw over 16 listings sold above listed price, more than 9 sold at listed price and over 11 sold below.

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