Is Buford, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Buford has remained a Seller's Market.
Housing Prices in Buford, GA
How much do homes in Buford, GA cost?
Median Sold Price
$475,222
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Buford was $475,222 in April 2024, up 5.3% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $156K | $141K | -9.6% |
2 Bedrooms | $297.5K | $334.7K | +12.5% |
3 Bedrooms | $367.2K | $399K | +8.6% |
4 Bedrooms | $441.1K | $472K | +7.0% |
5+ Bedrooms | $620K | $650K | +4.8% |
Summary: Buford housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
Buford | $451.4K | $475.2K | +5.3% |
Buford-Sugar Hill | $460K | $480K | +4.3% |
Dacula-Rocky Creek | $440.8K | $457.7K | +3.8% |
Sugar Hill | $430K | $444K | +3.3% |
Housing Supply in Buford, GA
How many homes are available in Buford, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
411 | 472 | +14.8% |
Summary: The Buford real estate market had 472 homes for sale in April 2024, a 14.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 15 | 14 | -6.7% |
3 Bedrooms | 103 | 125 | +21.4% |
4 Bedrooms | 139 | 153 | +10.1% |
5+ Bedrooms | 154 | 180 | +16.9% |
Summary: The Buford housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 16.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 110 | +10.0% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 110 homes were sold or pending in Buford in April 2024, up by 10.0% month-over-month. Of the 105 sold homes, 54% were sold under asking, 29% were sold at asking, and 17% were sold over asking.
Days on Market for Buford, GA
How long does it take to sell a home in Buford, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
48 Days | 24 Days | -49.8% |
Summary: Homes in Buford had an average of 24 days on market in Apr 2024, down by 49.8% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 110 homes were sold in Buford; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.