Is Snellville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Snellville has remained a Seller's Market.
Housing Prices in Snellville, GA
How much do homes in Snellville, GA cost?
Median Sold Price
$364,701
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Snellville was $364,701 in May 2024, up 1.5% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $315K | $265K | -15.9% |
3 Bedrooms | $315K | $319.9K | +1.6% |
4 Bedrooms | $379.6K | $380K | 0.1% |
5+ Bedrooms | $475K | $480K | +1.1% |
Summary: Snellville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.9%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Cities
Snellville | $359.3K | $364.7K | +1.5% |
Snellville-Grayson | $385K | $389.8K | +1.3% |
Housing Supply in Snellville, GA
How many homes are available in Snellville, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
419 | 482 | +15.0% |
Summary: The Snellville real estate market had 482 homes for sale in May 2024, a 15.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 152 | 178 | +17.1% |
4 Bedrooms | 189 | 209 | +10.6% |
5+ Bedrooms | 75 | 92 | +22.7% |
Summary: The Snellville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 22.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
119 | 115 | -3.4% |
Asking Price vs. Sold Price
52 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 115 homes were sold or pending in Snellville in May 2024, down by 3.4% month-over-month. Of the 112 sold homes, 46% were sold under asking, 29% were sold at asking, and 24% were sold over asking.
Days on Market for Snellville, GA
How long does it take to sell a home in Snellville, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 27 Days | -11.2% |
Summary: Homes in Snellville had an average of 27 days on market in May 2024, down by 11.2% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 115 homes were sold in Snellville; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.