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 July 2021

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.

How much do homes in Norcross, GA cost?

Median Sold Price

$375,000

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$64,000(+20.6%)

Key Takeaway

Homes in Norcross have sold for 20.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 --
N/A
2 $172K$231K
+34.3%
3 $285K$341K
+19.6%
4 $390K$505K
+29.5%
5+ $607.5K$768K
+26.4%

Median Sold Price Compared To Nearby Cities

Norcross
+20.6%
Peachtree Corners
+16.5%

How many homes are available in Norcross, GA?

Number of Homes For Sale

Jun 2022Jul 2022%
5977+30.5%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 1010
0.0%
3 2939
+34.5%
4 1520
+33.3%
5+ 58
+60.0%

Number of Homes Sold

Jun 2022Jul 2022%
1517+13.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

6 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Norcross, you could pay more than the asking price. 58.8% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
7 Days12 Days+60.1%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 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.

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

About Norcross, GA

Norcross, GA has 77 homes on the market. The number of homes for sale in Norcross, GA increased by 30.5% between June 2022 and July 2022. In July 2022 median list price was $375,000 and the average listing age was 12 days. Real estate listing prices changed between June 2022 and July 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 34.3%, 3 bedrooms properties became 19.6% more expensive, 4 bedrooms properties prices increased by 29.5%, 5 bedrooms properties prices increased by 26.4%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, 3 bedrooms homes inventory increased by 34.5%, 4 bedrooms homes inventory increased by 33.3%, volume of 5 bedrooms homes went up by 60%. Norcross, GA housing market in July 2022 saw over 10 listings sold above listed price, more than 6 sold at listed price and over 1 sold below.

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