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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Norcross is a seller's market

Buyer's
Market

Difference Since August 2022

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

Key Takeaway

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

Housing Prices

How much do homes in Norcross, GA cost?

Median Sold Price

$335,000

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

-$30,000(-8.2%)

Key Takeaway

Homes in Norcross have sold for 8.2% less than they did a year ago.

Summary: The median home sold price in Norcross was $335,000 in August 2023, down 8.2% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 -$241.2K
N/A
2 $231K$239.9K
+3.9%
3 $335K$327K
-2.4%
4 $551K$400K
-27.4%
5+ $757K$417K
-44.9%

Summary: Norcross housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 27.4%, and 5+ bedroom homes decreased by 44.9%.

Median Sold Price Compared To Nearby Cities

Peachtree Corners
+15.8%
Norcross
-8.2%

Housing Supply

How many homes are available in Norcross, GA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
146165+13.0%

Summary: The Norcross real estate market had 165 homes for sale in August 2023, a 13.0% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
0.0%
2 3339
+18.2%
3 6583
+27.7%
4 3426
-23.5%
5+ 1417
+21.4%

Summary: The Norcross housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 27.7%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
4655+19.6%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norcross, you may be able to get a good deal. 39.2% of homes here sold below asking price last month.

Summary: A total of 55 homes were sold or pending in Norcross in August 2023, up by 19.6% month-over-month. Of the 51 sold homes, 39% were sold under asking, 27% were sold at asking, and 33% were sold over asking.

Days on Market

How long does it take to sell a home in Norcross, GA?

Average Sale Time

Aug 2022Aug 2023CHANGE
14 Days25 Days+83.3%

Summary: Homes in Norcross had an average of 25 days on market in Aug 2023, up by 83.3% compared to last year.

Breakdown of Home Sale Times

48 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Norcross are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 55 homes were sold in Norcross; 87% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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Nearby Markets

What housing markets are near Norcross, GA?