Is Suwanee-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, 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 in Suwanee-Duluth, GA
How much do homes in Suwanee-Duluth, GA cost?
Median Sold Price
$513,424
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Suwanee-Duluth have sold for 11% more than they did a year ago.
Summary: The median home sold price in Suwanee-Duluth was $513,424 in April 2024, up 11% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $214K | $302.5K | +41.4% |
| 2 Bedrooms | $299.9K | $308.5K | +2.9% |
| 3 Bedrooms | $390.5K | $435.6K | +11.6% |
| 4 Bedrooms | $485K | $530K | +9.3% |
| 5+ Bedrooms | $669.9K | $700K | +4.5% |
Summary: Suwanee-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 2.9%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 4.5%.
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 Suwanee-Duluth, GA
How many homes are available in Suwanee-Duluth, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 401 | 460 | +14.7% |
Summary: The Suwanee-Duluth real estate market had 460 homes for sale in April 2024, a 14.7% 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 | 17 | +13.3% |
| 3 Bedrooms | 135 | 145 | +7.4% |
| 4 Bedrooms | 127 | 153 | +20.5% |
| 5+ Bedrooms | 124 | 145 | +16.9% |
Summary: The Suwanee-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 13.3%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 16.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 118 | 111 | -5.9% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
58 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Suwanee-Duluth, you could pay more than the asking price. 53.7% of homes here sold above asking price last month.
Summary: A total of 111 homes were sold or pending in Suwanee-Duluth in April 2024, down by 5.9% month-over-month. Of the 108 sold homes, 24% were sold under asking, 22% were sold at asking, and 54% were sold over asking.
Days on Market for Suwanee-Duluth, GA
How long does it take to sell a home in Suwanee-Duluth, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 13 Days | -64.5% |
Summary: Homes in Suwanee-Duluth had an average of 13 days on market in Apr 2024, down by 64.5% compared to last year.
Breakdown of Home Sale Times
100 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Suwanee-Duluth are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 111 homes were sold in Suwanee-Duluth; 90% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 3% 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.