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.
Key Takeaway
Snellville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Snellville have sold for 1.5% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Snellville, you may be able to get a good deal. 46.4% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Snellville are selling fast, if you're buying plan to act quickly.
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.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.