Is Smyrna, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Smyrna has remained a Seller's Market.
Housing Prices
How much do homes in Smyrna, GA cost?
Median Sold Price
$439,992
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in Smyrna was $439,992 in August 2023, up 3.6% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $184.5K | $195K | +5.7% |
2 Bedrooms | $254.5K | $270K | +6.1% |
3 Bedrooms | $406.2K | $412.9K | +1.7% |
4 Bedrooms | $526.5K | $540K | +2.6% |
5+ Bedrooms | $692K | $772K | +11.6% |
Summary: Smyrna housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 5.7%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 11.6%.
Housing Supply
How many homes are available in Smyrna, GA?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
426 | 423 | -0.7% |
Summary: The Smyrna real estate market had 423 homes for sale in August 2023, a 0.7% decrease compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 65 | 69 | +6.2% |
3 Bedrooms | 187 | 169 | -9.6% |
4 Bedrooms | 105 | 121 | +15.2% |
5+ Bedrooms | 66 | 60 | -9.1% |
Summary: The Smyrna housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 6.2%, 3 bedroom homes decreased by 9.6%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
140 | 156 | +11.4% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Summary: A total of 156 homes were sold or pending in Smyrna in August 2023, up by 11.4% month-over-month. Of the 154 sold homes, 42% were sold under asking, 18% were sold at asking, and 40% were sold over asking.
Days on Market
How long does it take to sell a home in Smyrna, GA?
Average Sale Time
Aug 2022 | Aug 2023 | CHANGE |
---|---|---|
12 Days | 21 Days | +74.2% |
Summary: Homes in Smyrna had an average of 21 days on market in Aug 2023, up by 74.2% compared to last year.
Breakdown of Home Sale Times
116 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During August 2023, 156 homes were sold in Smyrna; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.