Is Smyrna, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Smyrna is a seller's market

Buyer's
Market

Difference Since May 2021

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.

How much do homes in Smyrna, GA cost?

Median Sold Price

$409,918

$194/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$49,921(+13.9%)

Key Takeaway

Homes in Smyrna have sold for 13.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $140K$175K
+25.0%
2 $198K$246.5K
+24.5%
3 $335K$391.6K
+16.9%
4 $435K$491.1K
+12.9%
5+ $586.6K$635.5K
+8.3%

Median Sold Price Compared To Nearby Cities

Fair Oaks
+30.0%
Mableton
+20.3%
Vinings
+15.9%
Marietta
+14.8%
Smyrna
+13.9%

How many homes are available in Smyrna, GA?

Number of Homes For Sale

Apr 2022May 2022%
3583590.3%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 45
+25.0%
2 6668
+3.0%
3 132131
-0.8%
4 109114
+4.6%
5+ 4741
-12.8%

Number of Homes Sold

Apr 2022May 2022%
144148+2.8%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

99 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smyrna, you could pay more than the asking price. 71.7% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
14 Days11 Days-20.2%

Breakdown of Home Sale Times

139 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Smyrna are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Smyrna, GA

Smyrna, GA has 359 homes for sale to choose from. The number of homes for sale in Smyrna, GA increased by 0.3% between April 2022 and May 2022. Listings spent 11 days on the market in May 2022, and had a median list price of $409,918 during the same period. Real estate listing prices changed between April 2022 and May 2022: the cost of 1 bedroom properties went up by 25%, 2 bedrooms properties became 24.5% more expensive, prices of 3 bedrooms properties increased by 16.9%, the cost of 4 bedrooms properties went up by 12.9%, prices of 5 bedrooms properties went up by 8.3%. Volume of homes for sale changed: number of 1 bedroom homes increased by 25%, 2 bedrooms homes became 3% more available, 3 bedrooms homes inventory decreased by 0.8%, number of 4 bedrooms homes increased by 4.6%, the quantity of 5 bedrooms homes went down by 12.8%. While more than 99 listings in Smyrna, GA in May 2022 were sold above asking price, there were more than 19 listings sold at asking price, and more than 20 were sold below.

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