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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Suwanee-Duluth is a seller's market

Buyer's
Market

Difference Since August 2021

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.

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

Median Sold Price

$450,000

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$77,175(+20.7%)

Key Takeaway

Homes in Suwanee-Duluth have sold for 20.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $204K$208K
+2.0%
2 $230K$286K
+24.3%
3 $300.5K$375K
+24.8%
4 $380K$465.3K
+22.4%
5+ $540.1K$660K
+22.2%

Median Sold Price Compared To Nearby Cities

Berkeley Lake
+30.0%
Johns Creek
+25.4%
Suwanee
+24.3%
Suwanee-Duluth
+20.7%
Duluth
+18.4%

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

Number of Homes For Sale

Jul 2022Aug 2022%
575584+1.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 11
0.0%
2 3333
0.0%
3 180199
+10.6%
4 168179
+6.5%
5+ 193172
-10.9%

Number of Homes Sold

Jul 2022Aug 2022%
133158+18.8%

Asking Price vs. Sold Price

61 Homes Were Sold
Under Asking

42 Homes Were Sold
At Asking

54 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. 38.9% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
12 Days16 Days+36.9%

Breakdown of Home Sale Times

129 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

2 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Suwanee-Duluth, GA

Homes for sale in Suwanee-Duluth, GA have reached 584. In August 2022 in Suwanee-Duluth, GA there were 1.6% more homes for sale than in July 2022. In August 2022, listings were on the market for 16 days. During the same period, the median list price in this real estate market was $450,000. This housing market listing prices have changed between July 2022 and August 2022: 1 bedroom properties prices increased by 2%, 2 bedrooms properties prices increased by 24.3%, the cost of 3 bedrooms properties went up by 24.8%, 4 bedrooms properties became 22.4% more expensive, 5 bedrooms properties became 22.2% more expensive. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes became 10.6% more available, number of 4 bedrooms homes increased by 6.5%, 5 bedrooms homes inventory decreased by 10.9%. While more than 54 listings in Suwanee-Duluth, GA in August 2022 were sold above asking price, there were more than 42 listings sold at asking price, and more than 61 were sold below.

Related Housing Market Reports