Is Duluth, 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, Duluth has remained a Seller's Market.
Housing Prices in Duluth, GA
How much do homes in Duluth, GA cost?
Median Sold Price
$494,124
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Duluth was $494,124 in April 2024, up 14.3% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $214K | $302.5K | +41.4% |
2 Bedrooms | $278.2K | $290K | +4.2% |
3 Bedrooms | $364.3K | $395K | +8.4% |
4 Bedrooms | $480K | $530K | +10.4% |
5+ Bedrooms | $745K | $900K | +20.8% |
Summary: Duluth housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 41.4%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 20.8%.
Median Sold Price Compared To Nearby Cities
Duluth | $432.1K | $494.1K | +14.3% |
Suwanee-Duluth | $462.6K | $513.4K | +11.0% |
Suwanee | $545.3K | $599.8K | +10.0% |
Johns Creek | $624.9K | $670K | +7.2% |
Housing Supply in Duluth, GA
How many homes are available in Duluth, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
301 | 357 | +18.6% |
Summary: The Duluth real estate market had 357 homes for sale in April 2024, a 18.6% 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 | 22 | +46.7% |
3 Bedrooms | 90 | 104 | +15.6% |
4 Bedrooms | 89 | 111 | +24.7% |
5+ Bedrooms | 107 | 120 | +12.1% |
Summary: The Duluth 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 increased by 46.7%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes increased by 12.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
97 | 89 | -8.2% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Summary: A total of 89 homes were sold or pending in Duluth in April 2024, down by 8.2% month-over-month. Of the 88 sold homes, 27% were sold under asking, 14% were sold at asking, and 59% were sold over asking.
Days on Market for Duluth, GA
How long does it take to sell a home in Duluth, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 9 Days | -63.6% |
Summary: Homes in Duluth had an average of 9 days on market in Apr 2024, down by 63.6% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 89 homes were sold in Duluth; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.