Is Smyrna, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Smyrna has remained a Seller's Market.
Housing Prices in Smyrna, GA
How much do homes in Smyrna, GA cost?
Median Sold Price
$455,296
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Smyrna was $455,296 in March 2024, up 4.6% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $198.5K | $200K | +0.8% |
2 Bedrooms | $265.7K | $280K | +5.4% |
3 Bedrooms | $411.3K | $425.6K | +3.5% |
4 Bedrooms | $550K | $558K | +1.5% |
5+ Bedrooms | $739.9K | $775K | +4.7% |
Summary: Smyrna housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.8%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 4.7%.
Housing Supply in Smyrna, GA
How many homes are available in Smyrna, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
430 | 471 | +9.5% |
Summary: The Smyrna real estate market had 471 homes for sale in March 2024, a 9.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 2 | -60.0% |
2 Bedrooms | 89 | 80 | -10.1% |
3 Bedrooms | 171 | 191 | +11.7% |
4 Bedrooms | 108 | 132 | +22.2% |
5+ Bedrooms | 57 | 66 | +15.8% |
Summary: The Smyrna housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 60%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
106 | 130 | +22.6% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 130 homes were sold or pending in Smyrna in March 2024, up by 22.6% month-over-month. Of the 123 sold homes, 53% were sold under asking, 20% were sold at asking, and 28% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 27 Days | -6.5% |
Summary: Homes in Smyrna had an average of 27 days on market in Mar 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
86 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 130 homes were sold in Smyrna; 66% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.