Is Sugar Hill, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Sugar Hill has remained a Seller's Market.
Key Takeaway
Sugar Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sugar Hill, GA
How much do homes in Sugar Hill, GA cost?
Median Sold Price
$463,050
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Sugar Hill have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Sugar Hill was $463,050 in June 2024, up 8.8% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $300K | -6.3% |
| 3 Bedrooms | $365K | $370K | +1.4% |
| 4 Bedrooms | $440K | $470K | +6.8% |
| 5+ Bedrooms | $595K | $694.9K | +16.8% |
Summary: Sugar Hill housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 16.8%.
Median Sold Price Compared To Nearby Cities
| Suwanee-Duluth | $462.6K | $520.2K | +12.5% |
| Buford-Sugar Hill | $449.8K | $496.6K | +10.4% |
| Suwanee | $554.6K | $611K | +10.2% |
| Sugar Hill | $425.5K | $463K | +8.8% |
| Buford | $462.2K | $486.8K | +5.3% |
Housing Supply in Sugar Hill, GA
How many homes are available in Sugar Hill, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 187 | 168 | -10.2% |
Summary: The Sugar Hill real estate market had 168 homes for sale in June 2024, a 10.2% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 59 | 51 | -13.6% |
| 4 Bedrooms | 65 | 64 | -1.5% |
| 5+ Bedrooms | 61 | 51 | -16.4% |
Summary: The Sugar Hill housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 16.4%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 65 | 44 | -32.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sugar Hill, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Sugar Hill in June 2024, down by 32.3% month-over-month. Of the 43 sold homes, 44% were sold under asking, 19% were sold at asking, and 37% were sold over asking.
Days on Market for Sugar Hill, GA
How long does it take to sell a home in Sugar Hill, GA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 27 Days | 21 Days | -22.6% |
Summary: Homes in Sugar Hill had an average of 21 days on market in Jun 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sugar Hill are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 44 homes were sold in Sugar Hill; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% 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.