Real Estate Market Update for Buford, GA

Video: Real Estate Community Tour for Buford, GA

See Real estate community tour for Buford, GA
Welcome to January's Market Update. Let’s take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 17% from one year earlier, and down 9% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 310-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 7%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 230-thousand dollars. The number of units sold decreased 20% year-over-year, and increased 7% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Buford, GA
Area Information for Buford, GA
  • Population: 14,524
  • Median Age: 35.7 yr
  • Median Commute Time: 29 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 852/sq mi
  • Population Change Since 2000: 34.28%
  • Closest Airport: Hartsfield - Jackson Atlanta International
  • Closest College: Gainesville State College
  • Closest Jr. College: Gwinnett Technical College
  • Median Household Income: $51,663
  • Annual Residential Turnover: 14%
  • Median Home Sales Price: $175,000
  • Closest Major Sports Team: Gwinnett Braves (aaa)
  • Change Avg. Household Income Since 2000: 33.28%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Buford, GA
Median Age: 35.7 Married: 38% Number of Households: 5,263 Households with Children: 1,796
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Buford, GA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Harmony Elementary School 0.7 mi Public K-5 4 5
      Faith Academy 1.0 mi Private 9-12 0 0
      Patrick Elementary School 1.6 mi Public K-5 4 4
      Buford Academy 1.7 mi Public 2-5 0 5
      Buford Middle School 1.7 mi Public 6-8 4-5 5
      Buford High School 1.8 mi Public 9-12 5 3
      Buford Elementary School 1.8 mi Public K-1 0 5
      Glenn C. Jones Middle School 2.3 mi Public 6-8 5 4
      Sugar Hill Christian Academy 2.4 mi Private K-8 0 5
      Ivy Creek Elementary School 2.4 mi Public PRESCHOOL-5 5 4
      Friendship Elementary School 3.0 mi Public K-5 4-5 4
      T Carl Buice School 3.2 mi Public PRESCHOOL-PRESCHOOL 0 0
      Lanier High School 3.5 mi Public 9-12 3 5
      Old Suwanee Christian School 3.5 mi Private PRESCHOOL-12 0 5
      Sugar Hill Elementary School 3.6 mi Public K-5 5 4
      Sycamore Elementary School 4.1 mi Public K-5 4-5 4
      Twin Rivers Middle School 4.7 mi Public 6-8 5 0
      The Goddard School 4.9 mi Private PRESCHOOL-K 0 0
      North Gwinnett Middle School 5.0 mi Public 6-8 5 0
      Lanier Middle School 5.5 mi Public 6-8 5 0
      White Oak Elementary School 5.5 mi Public K-5 4-5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: and Onboard Informatics © 2015
      Local Weather for Buford, GA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.