Is Sugar Hill, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sugar Hill is a seller's market

Buyer's
Market

Difference Since August 2021

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.

How much do homes in Sugar Hill, GA cost?

Median Sold Price

$401,500

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$78,457(+24.3%)

Key Takeaway

Homes in Sugar Hill have sold for 24.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $219.9K$260.5K
+18.5%
3 $270K$350K
+29.6%
4 $340K$415K
+22.1%
5+ $485K$560K
+15.5%

Median Sold Price Compared To Nearby Cities

Sugar Hill
+24.3%
Suwanee
+24.3%
Buford-Sugar Hill
+21.9%
Suwanee-Duluth
+20.7%
Buford
+12.8%

How many homes are available in Sugar Hill, GA?

Number of Homes For Sale

Jul 2022Aug 2022%
176147-16.5%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 62
-66.7%
3 6650
-24.2%
4 5047
-6.0%
5+ 5448
-11.1%

Number of Homes Sold

Jul 2022Aug 2022%
7035-50.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sugar Hill, you may be able to get a good deal. 51.5% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
11 Days20 Days+72.2%

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sugar Hill 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 Sugar Hill, GA

Homes for sale in Sugar Hill, GA have reached 147. The inventory of homes for sale in Sugar Hill, GA between July 2022 and August 2022 decreased by 16.5%. In August 2022, listings were on the market for 20 days. During the same period, the median list price in this real estate market was $401,500. Listing prices have changed in this real estate market between July 2022 and August 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 18.5%, 3 bedrooms properties prices increased by 29.6%, prices of 4 bedrooms properties went up by 22.1%, 5 bedrooms properties prices increased by 15.5%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory decreased by 66.7%, number of 3 bedrooms homes decreased by 24.2%, 4 bedrooms homes became 6% less available, the quantity of 5 bedrooms homes went down by 11.1%. Over 7 listings were sold over their listed price in August 2022 in Sugar Hill, GA. In the same period over 17 listings were sold below the listed price and 9 listings were sold for the listed price.

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