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 September 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

$460,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$30,000(+7.0%)

Key Takeaway

Homes in Sugar Hill have sold for 7% more than they did a year ago.

Summary: The median home sold price in Sugar Hill was $460,000 in September 2024, up 7% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $325K$279K
-14.2%
3 $360.5K$375K
+4.0%
4 $445K$469K
+5.4%
5+ $600K$674.9K
+12.5%

Summary: Sugar Hill housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 12.5%.

Median Sold Price Compared To Nearby Cities

Suwanee-Duluth
+10.9%
Suwanee
+9.1%
Buford-Sugar Hill
+8.6%
Buford
+7.4%
Sugar Hill
+7.0%

Housing Supply in Sugar Hill, GA

How many homes are available in Sugar Hill, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
149157+5.4%

Summary: The Sugar Hill real estate market had 157 homes for sale in September 2024, a 5.4% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 22
0.0%
3 4760
+27.7%
4 6760
-10.4%
5+ 3335
+6.1%

Summary: The Sugar Hill housing inventory by bedroom type for September 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 27.7%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes increased by 6.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3539+11.4%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

6 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. 68.4% of homes here sold below asking price last month.

Summary: A total of 39 homes were sold or pending in Sugar Hill in September 2024, up by 11.4% month-over-month. Of the 38 sold homes, 68% were sold under asking, 16% were sold at asking, and 16% 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

Sep 2023Sep 2024CHANGE
15 Days40 Days+163.1%

Summary: Homes in Sugar Hill had an average of 40 days on market in Sep 2024, up by 163.1% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

4 Homes Were 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.

Summary: During September 2024, 39 homes were sold in Sugar Hill; 49% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 10% 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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