Is Buford, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Buford has remained a Seller's Market.
Key Takeaway
Buford is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buford, GA
How much do homes in Buford, GA cost?
Median Sold Price
$477,861
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Buford have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Buford was $477,861 in May 2024, up 2.8% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $156K | $141K | -9.6% |
| 2 Bedrooms | $302.5K | $330.2K | +9.2% |
| 3 Bedrooms | $370K | $400K | +8.1% |
| 4 Bedrooms | $445K | $474.7K | +6.7% |
| 5+ Bedrooms | $620.4K | $649.9K | +4.7% |
Summary: Buford housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.6%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 4.7%.
Median Sold Price Compared To Nearby Cities
| Sugar Hill | $427.8K | $458.4K | +7.1% |
| Buford-Sugar Hill | $451.5K | $483K | +7.0% |
| Dacula-Rocky Creek | $441.8K | $464.3K | +5.1% |
| Buford | $465K | $477.8K | +2.8% |
Housing Supply in Buford, GA
How many homes are available in Buford, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 467 | 542 | +16.1% |
Summary: The Buford real estate market had 542 homes for sale in May 2024, a 16.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 127 | 155 | +22.0% |
| 4 Bedrooms | 150 | 164 | +9.3% |
| 5+ Bedrooms | 177 | 213 | +20.3% |
Summary: The Buford housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 23.1%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 20.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 132 | 124 | -6.1% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buford, you may be able to get a good deal. 44.9% of homes here sold below asking price last month.
Summary: A total of 124 homes were sold or pending in Buford in May 2024, down by 6.1% month-over-month. Of the 118 sold homes, 45% were sold under asking, 29% were sold at asking, and 26% were sold over asking.
Days on Market for Buford, GA
How long does it take to sell a home in Buford, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 34 Days | -1.7% |
Summary: Homes in Buford had an average of 34 days on market in May 2024, down by 1.7% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 124 homes were sold in Buford; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 9% 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.