Is Suwanee-Duluth, GA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Suwanee-Duluth is a seller's market


Difference Since June 2023

Since last year, Suwanee-Duluth has remained a Seller's Market.

Key Takeaway

Suwanee-Duluth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Suwanee-Duluth, GA

How much do homes in Suwanee-Duluth, GA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since June 2023


Key Takeaway

Homes in Suwanee-Duluth have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Suwanee-Duluth was $520,228 in June 2024, up 12.5% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $220K$302.5K
2 $300K$312K
3 $399.4K$442.3K
4 $486.8K$532.6K
5+ $680K$725K

Summary: Suwanee-Duluth housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Cities

Johns Creek

Housing Supply in Suwanee-Duluth, GA

How many homes are available in Suwanee-Duluth, GA?

Number of Homes For Sale

May 2024Jun 2024CHANGE

Summary: The Suwanee-Duluth real estate market had 615 homes for sale in June 2024, a 4.9% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 01
2 1823
3 187184
4 180167
5+ 201240

Summary: The Suwanee-Duluth housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 27.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 19.4%.

Number of Homes Sold

May 2024Jun 2024CHANGE

Asking Price vs. Sold Price

52 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Suwanee-Duluth, you may be able to get a good deal. 42.6% of homes here sold below asking price last month.

Summary: A total of 123 homes were sold or pending in Suwanee-Duluth in June 2024, down by 33.9% month-over-month. Of the 122 sold homes, 43% were sold under asking, 24% were sold at asking, and 34% were sold over asking.

Days on Market for Suwanee-Duluth, GA

How long does it take to sell a home in Suwanee-Duluth, GA?

Average Sale Time

Jun 2023Jun 2024CHANGE
17 Days27 Days+55.1%

Summary: Homes in Suwanee-Duluth had an average of 27 days on market in Jun 2024, up by 55.1% compared to last year.

Breakdown of Home Sale Times

94 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Suwanee-Duluth are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 123 homes were sold in Suwanee-Duluth; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% 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 23 Days Ago

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