What Are Homes Selling For In Buford, GA?
What Are Homes Selling For In Buford, GA?
As of mid-2025, the number of homes available for sale indicates a market that is generally balanced but still competitive, particularly for desirable property types.
Overall, the number of active listings in July 2025 saw a notable increase, being up 58% compared to the previous year and 7% from the previous month. This influx suggests a healthy level of activity from sellers.
Market Balance and Competitiveness
While some reports characterize Buford as a balanced market in July 2025, where supply and demand are relatively equal, other indicators point to a "somewhat competitive" environment, leaning towards a seller's market. Earlier in May 2024, the market strongly favored sellers, with a Market Action Index of 53, signifying that home sales were outpacing available supply.
Breaking it down by property type in December 2024, single-family homes had about 2.64 months of inventory, which still indicates a seller's market. Condos and townhomes, with approximately 3.03 months of inventory, showed signs of increasing supply, potentially moving towards a more balanced market for that segment.
Days on Market
Homes in Buford are selling at a relatively quick pace. In July 2025, the median days on market was 49 days according to some reports, a slight increase from the previous month and year. However, other data from Redfin indicates homes sold after an average of 37 days on the market in July 2025, which is notably faster than the 48 days recorded last year. For particularly "hot homes," properties can go pending in as little as 19 days.
Sales Activity and Price Trends
Sales volume has seen an uptick, with 34 homes sold in July 2025, a significant increase from the 17 sales in July of the previous year. This demonstrates continued buyer interest and transaction activity.
Regarding prices, the market shows mixed signals but overall appreciation. In July 2025, the median listing home price was around $550,000, while the median sold price was approximately $537,500. Redfin data for the same period reported a median sale price of $591,000, reflecting a substantial 14.8% increase compared to the previous year. Homes are generally selling close to asking, with a sale-to-list price ratio of 98.63% in July 2025, meaning homes sold for about 1.37% below asking price on average. Interestingly, 50.5% of homes in July 2025 experienced price drops, an increase of 21.0 percentage points year-over-year, which could indicate sellers adjusting to market conditions to attract buyers.
Driving Factors for Demand
Buford's inventory dynamics are heavily influenced by several key factors that make it a highly desirable location:
**Family-Friendly Appeal:** The city's reputation for excellent schools and safe neighborhoods creates strong demand for single-family homes with ample space and modern amenities.
**Sustainable Living:** There's a growing interest among buyers in eco-friendly homes equipped with energy-efficient features, solar panels, and smart home technologies.
**Suburban Shift:** Post-pandemic preferences continue to drive buyers towards suburban tranquility, a quality Buford offers without sacrificing convenience and accessibility to metropolitan Atlanta amenities.
**New Construction:** Buford's real estate boasts some of the newest homes in the nation, with significant new construction indicating ongoing growth and a consistent influx of residents.
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