Is Gwinnett County, 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, 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
$419,026
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Gwinnett County have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Gwinnett County was $419,026 in March 2024, up 2.4% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $208.7K | +16.0% |
| 2 Bedrooms | $257.3K | $277.1K | +7.7% |
| 3 Bedrooms | $348.8K | $359.9K | +3.2% |
| 4 Bedrooms | $422.8K | $432.2K | +2.2% |
| 5+ Bedrooms | $574.9K | $580.3K | +0.9% |
Summary: Gwinnett County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Counties
| Barrow County | $333.3K | $350K | +5.0% |
| Forsyth County | $549.9K | $575K | +4.5% |
| Gwinnett County | $409.3K | $419K | +2.4% |
| Walton County | $394.1K | $394.9K | 0.2% |
| DeKalb County | $349.9K | $345.9K | -1.2% |
Housing Supply in Gwinnett County, GA
How many homes are available in Gwinnett County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2,795 | 3,240 | +15.9% |
Summary: The Gwinnett County real estate market had 3,240 homes for sale in March 2024, a 15.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 9 | +12.5% |
| 2 Bedrooms | 115 | 126 | +9.6% |
| 3 Bedrooms | 920 | 1,035 | +12.5% |
| 4 Bedrooms | 935 | 1,095 | +17.1% |
| 5+ Bedrooms | 817 | 975 | +19.3% |
Summary: The Gwinnett County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 19.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 740 | 779 | +5.3% |
Asking Price vs. Sold Price
345 Homes Were Sold
Under Asking
165 Homes Were Sold
At Asking
216 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. 47.5% of homes here sold below asking price last month.
Summary: A total of 779 homes were sold or pending in Gwinnett County in March 2024, up by 5.3% month-over-month. Of the 726 sold homes, 48% were sold under asking, 23% were sold at asking, and 30% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 30 Days | -34.2% |
Summary: Homes in Gwinnett County had an average of 30 days on market in Mar 2024, down by 34.2% compared to last year.
Breakdown of Home Sale Times
559 Homes Were Sold
Under 30 Days
143 Homes Were Sold
In 30 - 90 Days
77 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 March 2024, 779 homes were sold in Gwinnett County; 72% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 10% 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 Classic MLS. 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.