Is Duluth, 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, 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.
Housing Prices in Duluth, GA
How much do homes in Duluth, GA cost?
Median Sold Price
$488,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Duluth have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Duluth was $488,000 in March 2024, up 13.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214K | $302.5K | +41.4% |
| 2 Bedrooms | $275K | $290K | +5.5% |
| 3 Bedrooms | $362.5K | $390K | +7.6% |
| 4 Bedrooms | $475K | $530K | +11.6% |
| 5+ Bedrooms | $725K | $900K | +24.1% |
Summary: Duluth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.4%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 24.1%.
Median Sold Price Compared To Nearby Cities
| Duluth | $430K | $488K | +13.5% |
| Suwanee | $530K | $594.9K | +12.3% |
| Suwanee-Duluth | $467.4K | $506.9K | +8.4% |
| Johns Creek | $625K | $663.6K | +6.2% |
Housing Supply in Duluth, GA
How many homes are available in Duluth, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 233 | 303 | +30.0% |
Summary: The Duluth real estate market had 303 homes for sale in March 2024, a 30.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 18 | +63.6% |
| 3 Bedrooms | 72 | 97 | +34.7% |
| 4 Bedrooms | 68 | 84 | +23.5% |
| 5+ Bedrooms | 82 | 104 | +26.8% |
Summary: The Duluth 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 increased by 63.6%, 3 bedroom homes increased by 34.7%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 26.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 66 | 83 | +25.8% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Duluth, you could pay more than the asking price. 45.9% of homes here sold above asking price last month.
Summary: A total of 83 homes were sold or pending in Duluth in March 2024, up by 25.8% month-over-month. Of the 74 sold homes, 35% were sold under asking, 19% were sold at asking, and 46% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 21 Days | -55.7% |
Summary: Homes in Duluth had an average of 21 days on market in Mar 2024, down by 55.7% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Duluth are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 83 homes were sold in Duluth; 82% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.