Housing prices? Yes, we’re still thinking about them. Thanks to a new dataset, we are able to continue our project of building home sale pricing dashboards for the 11-county metro area.
The trend of rising housing costs, especially since the onset of the COVID-19 pandemic, has been well established. Prices for new and older homes alike have been steadily increasing in many parts of the country. Last summer, we embarked on a journey to build interactive web applications visualizing historic housing prices by county in the metro area. You can find the collection here:
This new dashboard for Gwinnett County leverages a statewide dataset from ATTOM Data Solutions. This rich dataset contains record-level home sales which we have aggregated to the Census tract level.
The dashboard (built for desktop, not mobile screens) can be accessed here, and we have included a screenshot of the dashboard below. It features an expandable left-hand side panel with a toggle for the dashboard variable: total sales, median price per square foot, and median overall price. Sidebar sliders allow filtering for transaction time frame, construction vintage of the home, and city/region toggle:
Findings
Here are a few pertinent findings highlighted by the dashboard:
- From 2020 to 2024:
- 75,835 homes sold countywide;
- the overall median sales price countywide during this time period was $343,700, while the median price per square foot was roughly $147.
- the median sale price per square foot rose nearly 58%.
- The peak price per square foot occurred in August 2023, with a countywide median of $184.
- The countywide median price per SF drastically in Q4 2022 and to a lesser extent in Q4 of 2023.
- The most recent countywide price per SF, $183, is nearly back to this peak price seen nearly a year ago.
- Since just 2022:
- Nearly 32,000 homes have sold countywide;
- the overall median sales price was $390,000;
- the median sale price per square foot was roughly $175 and has risen by almost 6%
- this change has been slightly more pronounced in older homes, as this class of housing stock has risen by roughly 8% over that same time period.
- Homes sold in just the Lilburn and Lawrenceville sub-geographies (SW and central Census tracts) from 2020 to 2024 featured a median construction vintage of 1985.
- The median price in these sub-geographies has been $170 / SF with a median size of just over 1,900 square feet.
- Contrast these numbers to the Buford / Sugar Hill sub-geography, where the median price from 2022 onward has been $189 / SF with a slightly smaller footprint (about 1,860 square feet).
- Meanwhile, the NE Gwinnett sub-geography has seen newer, larger homes sold over the same timeframe, with a median price of $175 / SF and a median home footprint of 2,236 square feet.
Happy data exploring, and we hope you’ve enjoyed this series of local housing dashboards around metro Atlanta!
The post Gwinnett County Housing Dashboard appeared first on 33n.