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 August 2022

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

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

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Suwanee-Duluth have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Suwanee-Duluth was $474,996 in August 2023, up 5.6% from last year, and the median price per square foot was $194.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $208K$235K
2 $286K$285K
3 $375.3K$401.6K
4 $465.4K$512.7K
5+ $660K$679K

Summary: Suwanee-Duluth housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 13%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Cities

Johns Creek
Berkeley Lake

Housing Supply

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

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Suwanee-Duluth real estate market had 441 homes for sale in August 2023, a 6.8% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 11
2 2027
3 154141
4 164163
5+ 134109

Summary: The Suwanee-Duluth housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 35%, 3 bedroom homes decreased by 8.4%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes decreased by 18.7%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

48 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

61 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Suwanee-Duluth, you could pay more than the asking price. 44.9% of homes here sold above asking price last month.

Summary: A total of 141 homes were sold or pending in Suwanee-Duluth in August 2023, down by 12.4% month-over-month. Of the 136 sold homes, 35% were sold under asking, 20% were sold at asking, and 45% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
18 Days14 Days-21.5%

Summary: Homes in Suwanee-Duluth had an average of 14 days on market in Aug 2023, down by 21.5% compared to last year.

Breakdown of Home Sale Times

124 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

3 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 August 2023, 141 homes were sold in Suwanee-Duluth; 88% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 2% 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 26 Days Ago

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Nearby Markets

What housing markets are near Suwanee-Duluth, GA?