Buford, Georgia, a city that harmoniously blends small-town charm with big-city amenities, is known for its bustling economy, top-rated schools, and recreational facilities. The Buford real estate market caters to a wide range of lifestyle needs and investment preferences, making it an attractive destination for individuals and families seeking a high-quality lifestyle in a vibrant community. This report provides an in-depth analysis of Buford’s real estate market, focusing on key metrics and patterns that stand out.
Buford is a little bit different than other Gwinnett country real estate markets. Buford High School, the city’s own high school is known as one of the best schools in the state and we thought it’d be great to compare how much the median price of a home in Buford is compared to other schools.
Buford High School District Impact On Real Estate
The high school district a property falls into can significantly impact its price. This could be due to factors such as the quality of education, the reputation of the school, and the desirability of the surrounding area. On average:
- Homes in Buford High School district are on average $255,864 more expensive than those in Discovery.
- Homes in Buford High School district are on average $25,566 more expensive than those in Flowery Branch.
- Homes in Buford High School district are on average $61,946 more expensive than those in Lanier.
- Homes in Buford High School district are on average $213,794 more expensive than those in Mill Creek.
- Homes in Buford High School district are on average $136,358 more expensive than those in Mountain View.
- Homes in Buford High School district are on average $78,030 more expensive than those in North Gwinnett.
- Homes in Buford High School district are on average $87,994 more expensive than those in Seckinger.
These trends indicate that potential homebuyers in Buford place a high value on education and are willing to pay a premium for homes in desirable school districts.
Top Active Neighborhoods In Buford
The top 10 most active neighborhoods in Buford, GA, as indicated by the number of listings, are None, Millcroft, NONE, Summerlyn, none, The Reserve at Lanier, Willow Leaf, Trinity Falls, Huntington West, and Hedgerows.
Here is a breakdown of the average price, average square footage, average days on market, and price per square foot for these neighborhoods:
Millcroft is one of the most active neighborhoods in Buford. The average price of homes in Millcroft is approximately $660,190. Properties in this neighborhood tend to stay on the market for an average of 135 days.
Summerlyn is another bustling neighborhood in Buford. The average home price in Summerlyn is around $724,155, slightly higher than in Millcroft. Properties in Summerlyn, on average, spend 182 days on the market, indicating a slower turnover than Millcroft.
The Reserve at Lanier
The Reserve at Lanier is a popular neighborhood in Buford with an average property price of $676,272. Homes in The Reserve at Lanier spend an average of 161 days on the market.
Willow Leaf, with an average property price of $391,462, offers more affordable housing options compared to the previous neighborhoods. Homes in Willow Leaf spend an average of 63 days on the market, significantly lower than in Millcroft, Summerlyn, and The Reserve at Lanier, indicating a faster turnover rate.
Trinity Falls is another active neighborhood in Buford. The average property price in Trinity Falls is around $514,780. Homes in Trinity Falls spend an average of 51 days on the market, the lowest among the top neighborhoods, indicating a very brisk pace of sales.
Huntington West is a lively neighborhood in Buford with an average property price of $400,925. Homes in Huntington West spend an average of 48 days on the market, similar to Trinity Falls, indicating a fast turnover rate.
Hedgerows is one of the most active neighborhoods in Buford. The average property price in Hedgerows is around $749,225, the highest among the top neighborhoods. Homes in Hedgerows spend an average of 58 days on the market, indicating a quick turnover rate.
In conclusion, Buford’s real estate market offers a wide range of options across different neighborhoods, each with its unique characteristics and price points. It’s important for prospective homebuyers and investors to consider these factors when exploring opportunities in Buford’s real estate market. It’s also crucial to consult with a real estate professional who understands the local market nuances and can provide personalized guidance based on individual needs and preferences.