Is Gwinnett County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Gwinnett County has remained a Seller's Market.
Key Takeaway
Gwinnett County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gwinnett County, GA
How much do homes in Gwinnett County, GA cost?
Median Sold Price
$409,507
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Gwinnett County have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Gwinnett County was $409,507 in November 2023, up 0.9% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163K | $191K | +17.2% |
| 2 Bedrooms | $251K | $272K | +8.3% |
| 3 Bedrooms | $345.1K | $352K | +2.0% |
| 4 Bedrooms | $419.9K | $424.7K | +1.1% |
| 5+ Bedrooms | $563K | $570.1K | +1.3% |
Summary: Gwinnett County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 1.3%.
Median Sold Price Compared To Nearby Counties
| Barrow County | $328.3K | $339.9K | +3.5% |
| Forsyth County | $541.7K | $559.3K | +3.2% |
| Walton County | $380.1K | $389.7K | +2.5% |
| Gwinnett County | $405.6K | $409.5K | +0.9% |
| DeKalb County | $347.7K | $342.5K | -1.5% |
Housing Supply in Gwinnett County, GA
How many homes are available in Gwinnett County, GA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 3,108 | 2,923 | -6.0% |
Summary: The Gwinnett County real estate market had 2,923 homes for sale in November 2023, a 6.0% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 5 | -44.4% |
| 2 Bedrooms | 145 | 153 | +5.5% |
| 3 Bedrooms | 981 | 913 | -6.9% |
| 4 Bedrooms | 1,115 | 1,057 | -5.2% |
| 5+ Bedrooms | 858 | 795 | -7.3% |
Summary: The Gwinnett County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 44.4%, 2 bedroom homes increased by 5.5%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 5.2%, and 5+ bedroom homes decreased by 7.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 858 | 675 | -21.3% |
Asking Price vs. Sold Price
305 Homes Were Sold
Under Asking
147 Homes Were Sold
At Asking
155 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gwinnett County, you may be able to get a good deal. 50.2% of homes here sold below asking price last month.
Summary: A total of 675 homes were sold or pending in Gwinnett County in November 2023, down by 21.3% month-over-month. Of the 607 sold homes, 50% were sold under asking, 24% were sold at asking, and 26% were sold over asking.
Days on Market for Gwinnett County, GA
How long does it take to sell a home in Gwinnett County, GA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 34 Days | 29 Days | -14.6% |
Summary: Homes in Gwinnett County had an average of 29 days on market in Nov 2023, down by 14.6% compared to last year.
Breakdown of Home Sale Times
446 Homes Were Sold
Under 30 Days
187 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gwinnett County are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 675 homes were sold in Gwinnett County; 66% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2023 Greater Chattanooga Association of REALTORS®.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Athens Area Association of Realtors. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.