Cumming Housing Market Report December 2024•Forsyth County, Georgia

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Housing Prices in Cumming, GA

How much do homes in Cumming, GA cost?

Housing Market Conditions

Is Cumming, GA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Cumming is a Seller's Market

Difference Since December 2023

Since last year, Cumming has remained a Seller's Market.

Insight

Cumming is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$587,039$219/SqFt
+$24,052
+4.3%

Based on all homes sold in the last 12 months

Insight

Homes in Cumming have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Cumming was $587,039 in December 2024, up 4.3% from last year, and the median price per square foot was $219.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$272K$224K
-17.6%
2$339K$375K
+10.6%
3$448.4K$465K
+3.7%
4$565K$589.8K
+4.4%
5$715.9K$764.1K
+6.7%

Summary: Cumming housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -17.6%. The home price for 2 bedroom homes increased by +10.6%. The home price for 3 bedroom homes increased by +3.7%. The home price for 4 bedroom homes increased by +4.4%. The home price for 5 bedroom homes increased by +6.7%.

Housing supply in Cumming, GA

How many homes are available in Cumming, GA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
889Last MonthDec 2024
9322 months agoNov 2024
-4.6 %
Change MoMNov – Dec

Summary: The Cumming real estate market had 889 homes for sale in Dec 2024, a 4.6 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
194Last MonthDec 2024
1932 months agoNov 2024
+0.5 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
111
0.0%
25358
+9.4%
3241214
-11.2%
4311279
-10.3%
5326337
+3.4%

Summary: Cumming housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +9.4%. The inventory for 3 bedroom homes decreased by -11.2%. The inventory for 4 bedroom homes decreased by -10.3%. The inventory for 5 bedroom homes increased by +3.4%.

Asking Price vs. Sold Price

How much do homes in Cumming, GA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price20 Homes

At Asking Price33 Homes

Under Asking Price132 Homes

Insight

If you're buying a home in Cumming, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 194 homes were sold or pending in Cumming in December 2024, up by 0.5% month-over-month. Of the 185 sold homes, 71% were sold under asking, 18% were sold at asking, and and 11% were sold over asking.

Days on Market for Cumming, GA

How long does it take to sell a home in Cumming, GA?

Breakdown of Home Sale Times

Under 30 Days93 Homes

30 – 90 Days70 Homes

Over 90 Days31 Homes

Insight

Many homes in Cumming are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 194 homes were sold in Cumming; 48% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
45 DaysThis YearDec 2024
27 Days1 year agoDec 2023
+64.5 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Cumming had an average listing age of 45 days in Dec 2024, up by 64.5% compared to the previous year.

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Newest Listings in Cumming, GA

What homes are available in Cumming, GA?

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Nearby markets aren't available for Cumming, GA

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MLS Disclaimers and Copyright

Based on information from First Multiple Listing Service Inc., and Georgia MLS for the period 01/01/2023 - 01/01/2025

IDX 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. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2025 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Based on information from the Georgia MLS © 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.