Suwanee Housing Market Report January 2025•Gwinnett County, Georgia

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Housing Prices in Suwanee, GA

How much do homes in Suwanee, GA cost?

Housing Market Conditions

Is Suwanee, 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

Suwanee is a Seller's Market

Difference Since January 2024

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

Insight

Suwanee 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.
$637,209$217/SqFt
+$49,278
+8.4%

Based on all homes sold in the last 12 months

Insight

Homes in Suwanee have sold for 8.4% more than they did a year ago.

Summary: The median home sold price in Suwanee was $637,209 in January 2025, up 8.4% from last year, and the median price per square foot was $217.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Duluth
+12.7%
Suwanee
+8.4%
Suwanee-Duluth
+8.0%
Buford-Sugar Hill
+7.2%
Sugar Hill
+5.1%

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.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$375K$370K
-1.3%
3$480K$500K
+4.2%
4$559.9K$598.9K
+7.0%
5$789.3K$864.3K
+9.5%

Summary: Suwanee housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -1.3%. The home price for 3 bedroom homes increased by +4.2%. The home price for 4 bedroom homes increased by +7.0%. The home price for 5 bedroom homes increased by +9.5%.

Housing supply in Suwanee, GA

How many homes are available in Suwanee, 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
319Last MonthJan 2025
3062 months agoDec 2024
+4.2 %
Change MoMDec – Jan

Summary: The Suwanee real estate market had 319 homes for sale in Jan 2025, a 4.2 % increase compared to Dec 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
57Last MonthJan 2025
982 months agoDec 2024
-41.8 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
100
0.0%
246
+50.0%
391100
+9.9%
49190
-1.1%
5120123
+2.5%

Summary: Suwanee housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +9.9%. The inventory for 4 bedroom homes decreased by -1.1%. The inventory for 5 bedroom homes increased by +2.5%.

Asking Price vs. Sold Price

How much do homes in Suwanee, 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 Price10 Homes

At Asking Price8 Homes

Under Asking Price36 Homes

Insight

If you're buying a home in Suwanee, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Suwanee in January 2025, down by 41.8% month-over-month. Of the 54 sold homes, 67% were sold under asking, 15% were sold at asking, and and 19% were sold over asking.

Days on Market for Suwanee, GA

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

Breakdown of Home Sale Times

Under 30 Days24 Homes

30 – 90 Days25 Homes

Over 90 Days8 Homes

Insight

Avg time on Rocket Homes in Suwanee has remained consistent over time.

Summary: During January 2025, 57 homes were sold in Suwanee; 42% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 14% 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
53 DaysThis YearJan 2025
39 Days1 year agoJan 2024
+37.2 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Suwanee had an average listing age of 53 days in Jan 2025, up by 37.2% compared to the previous year.

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Newest Listings in Suwanee, GA

What homes are available in Suwanee, GA?

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Nearby markets

Popular Cities with Homes for Sale in Georgia

MLS Disclaimers and Copyright

Based on information from Georgia MLS, and First Multiple Listing Service Inc. for the period 02/01/2023 - 02/01/2025

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.

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Last updated on: 2/1/2025, 10:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 2/1/2025, 10:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.