Is Buford-Sugar Hill, 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-Sugar Hill has remained a Seller's Market.
Key Takeaway
Buford-Sugar Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buford-Sugar Hill, GA
How much do homes in Buford-Sugar Hill, GA cost?
Median Sold Price
$480,000
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Buford-Sugar Hill have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Buford-Sugar Hill was $480,000 in April 2024, up 4.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156K | $141K | -9.6% |
| 2 Bedrooms | $295K | $300K | +1.7% |
| 3 Bedrooms | $370K | $385K | +4.1% |
| 4 Bedrooms | $466K | $481.2K | +3.3% |
| 5+ Bedrooms | $619.6K | $699.9K | +13.0% |
Summary: Buford-Sugar Hill 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 1.7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
| Suwanee | $545.3K | $599.8K | +10.0% |
| Buford | $451.4K | $475.2K | +5.3% |
| Buford-Sugar Hill | $460K | $480K | +4.3% |
| Sugar Hill | $430K | $444K | +3.3% |
Housing Supply in Buford-Sugar Hill, GA
How many homes are available in Buford-Sugar Hill, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 261 | 298 | +14.2% |
Summary: The Buford-Sugar Hill real estate market had 298 homes for sale in April 2024, a 14.2% 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 | 4 | 4 | 0.0% |
| 3 Bedrooms | 82 | 92 | +12.2% |
| 4 Bedrooms | 90 | 108 | +20.0% |
| 5+ Bedrooms | 85 | 94 | +10.6% |
Summary: The Buford-Sugar Hill 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 remained the same, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 69 | 74 | +7.2% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buford-Sugar Hill, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.
Summary: A total of 74 homes were sold or pending in Buford-Sugar Hill in April 2024, up by 7.2% month-over-month. Of the 72 sold homes, 40% were sold under asking, 18% were sold at asking, and 42% were sold over asking.
Days on Market for Buford-Sugar Hill, GA
How long does it take to sell a home in Buford-Sugar Hill, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 21 Days | -41.6% |
Summary: Homes in Buford-Sugar Hill had an average of 21 days on market in Apr 2024, down by 41.6% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buford-Sugar Hill are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 74 homes were sold in Buford-Sugar Hill; 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.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.