Is Cumming, 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, Cumming has remained a Seller's Market.
Key Takeaway
Cumming is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cumming, GA
How much do homes in Cumming, GA cost?
Median Sold Price
$578,700
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cumming have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Cumming was $578,700 in April 2024, up 9.1% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329.9K | $224K | -32.1% |
| 2 Bedrooms | $325K | $350K | +7.7% |
| 3 Bedrooms | $415K | $454.9K | +9.6% |
| 4 Bedrooms | $535.6K | $580.2K | +8.3% |
| 5+ Bedrooms | $685.3K | $744K | +8.6% |
Summary: Cumming housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.1%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 8.6%.
Housing Supply in Cumming, GA
How many homes are available in Cumming, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 883 | 1,023 | +15.9% |
Summary: The Cumming real estate market had 1,023 homes for sale in April 2024, a 15.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 44 | 55 | +25.0% |
| 3 Bedrooms | 225 | 252 | +12.0% |
| 4 Bedrooms | 280 | 315 | +12.5% |
| 5+ Bedrooms | 330 | 397 | +20.3% |
Summary: The Cumming 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 25%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 20.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 236 | 279 | +18.2% |
Asking Price vs. Sold Price
119 Homes Were Sold
Under Asking
64 Homes Were Sold
At Asking
94 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cumming, you may be able to get a good deal. 43% of homes here sold below asking price last month.
Summary: A total of 279 homes were sold or pending in Cumming in April 2024, up by 18.2% month-over-month. Of the 277 sold homes, 43% were sold under asking, 23% were sold at asking, and 34% were sold over asking.
Days on Market for Cumming, GA
How long does it take to sell a home in Cumming, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 18 Days | -18.3% |
Summary: Homes in Cumming had an average of 18 days on market in Apr 2024, down by 18.3% compared to last year.
Breakdown of Home Sale Times
232 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cumming are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 279 homes were sold in Cumming; 83% of homes were sold within 30 days, 12% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.