Is Norcross, 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, Norcross has remained a Seller's Market.
Housing Prices in Norcross, GA
How much do homes in Norcross, GA cost?
Median Sold Price
$339,791
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Norcross was $339,791 in April 2024, up 5.9% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $132.7K | $178.7K | +34.7% |
2 Bedrooms | $230K | $242.8K | +5.6% |
3 Bedrooms | $320K | $335K | +4.7% |
4 Bedrooms | $390K | $375.5K | -3.7% |
5+ Bedrooms | $428.2K | $430K | 0.4% |
Summary: Norcross housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.7%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
Norcross | $320.9K | $339.7K | +5.9% |
Peachtree Corners | $499.7K | $519.9K | +4.0% |
Housing Supply in Norcross, GA
How many homes are available in Norcross, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
143 | 141 | -1.4% |
Summary: The Norcross real estate market had 141 homes for sale in April 2024, a 1.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 29 | 30 | +3.4% |
3 Bedrooms | 59 | 63 | +6.8% |
4 Bedrooms | 35 | 35 | 0.0% |
5+ Bedrooms | 17 | 11 | -35.3% |
Summary: The Norcross housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 6.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 35.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
54 | 51 | -5.6% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 51 homes were sold or pending in Norcross in April 2024, down by 5.6% month-over-month. Of the 49 sold homes, 57% were sold under asking, 18% were sold at asking, and 24% were sold over asking.
Days on Market for Norcross, GA
How long does it take to sell a home in Norcross, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 30 Days | -19.8% |
Summary: Homes in Norcross had an average of 30 days on market in Apr 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 51 homes were sold in Norcross; 75% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.