Is Sugar Hill, 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, Sugar Hill has remained a Seller's Market.
Housing Prices in Sugar Hill, GA
How much do homes in Sugar Hill, GA cost?
Median Sold Price
$436,000
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sugar Hill was $436,000 in March 2024, up 1.4% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $320K | $296K | -7.5% |
3 Bedrooms | $365K | $365K | 0.0% |
4 Bedrooms | $445K | $460K | +3.4% |
5+ Bedrooms | $595K | $625.1K | +5.1% |
Summary: Sugar Hill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 7.5%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 5.1%.
Median Sold Price Compared To Nearby Cities
Suwanee | $530K | $594.9K | +12.3% |
Suwanee-Duluth | $467.4K | $506.9K | +8.4% |
Buford | $448.3K | $475.5K | +6.1% |
Buford-Sugar Hill | $455.3K | $469.9K | +3.2% |
Sugar Hill | $430K | $436K | +1.4% |
Housing Supply in Sugar Hill, GA
How many homes are available in Sugar Hill, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 122 | +23.2% |
Summary: The Sugar Hill real estate market had 122 homes for sale in March 2024, a 23.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 32 | 41 | +28.1% |
4 Bedrooms | 39 | 47 | +20.5% |
5+ Bedrooms | 26 | 32 | +23.1% |
Summary: The Sugar Hill housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 33 | +17.9% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Sugar Hill in March 2024, up by 17.9% month-over-month. Of the 30 sold homes, 47% were sold under asking, 30% were sold at asking, and 23% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 28 Days | -13.0% |
Summary: Homes in Sugar Hill had an average of 28 days on market in Mar 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 33 homes were sold in Sugar Hill; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.