$525,000
0.32 Acres
Land
Stephanie Williams, Listing Office: Compass
Is Smyrna, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Smyrna has remained a Seller's Market.
Key Takeaway
Smyrna is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Smyrna, GA
How much do homes in Smyrna, GA cost?
Median Sold Price
$470,661
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$30,661(+7.0%)
Key Takeaway
Homes in Smyrna have sold for 7% more than they did a year ago.
Summary: The median home sold price in Smyrna was $470,661 in August 2024, up 7% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $207.5K | +6.4% |
| 2 Bedrooms | $270.6K | $283.5K | +4.7% |
| 3 Bedrooms | $412.9K | $434.2K | +5.2% |
| 4 Bedrooms | $548.1K | $600K | +9.5% |
| 5+ Bedrooms | $760K | $795K | +4.6% |
Summary: Smyrna housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in Smyrna, GA
How many homes are available in Smyrna, GA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 530 | 596 | +12.5% |
Summary: The Smyrna real estate market had 596 homes for sale in August 2024, a 12.5% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 89 | 105 | +18.0% |
| 3 Bedrooms | 189 | 209 | +10.6% |
| 4 Bedrooms | 165 | 177 | +7.3% |
| 5+ Bedrooms | 77 | 94 | +22.1% |
Summary: The Smyrna housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 22.1%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 153 | 121 | -20.9% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Smyrna, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.
Summary: A total of 121 homes were sold or pending in Smyrna in August 2024, down by 20.9% month-over-month. Of the 116 sold homes, 54% were sold under asking, 20% were sold at asking, and 26% were sold over asking.
Days on Market for Smyrna, GA
How long does it take to sell a home in Smyrna, GA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 22 Days | 29 Days | +30.0% |
Summary: Homes in Smyrna had an average of 29 days on market in Aug 2024, up by 30% compared to last year.
Breakdown of Home Sale Times
77 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Smyrna are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 121 homes were sold in Smyrna; 64% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 4% 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.