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 August 2022

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

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

+$15,407(+3.6%)

Key Takeaway

Homes in Smyrna have sold for 3.6% more than they did a year ago.

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

# BEDSAug 2022Aug 2023CHANGE
1 $184.5K$195K
+5.7%
2 $254.5K$270K
+6.1%
3 $406.2K$412.9K
+1.7%
4 $526.5K$540K
+2.6%
5+ $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%.

Median Sold Price Compared To Nearby Cities

Marietta
+12.1%
Smyrna
+3.6%
Vinings
-1.1%
Mableton
-1.4%
Fair Oaks
-2.9%

Housing Supply

How many homes are available in Smyrna, GA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
426423-0.7%

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

# BEDSJul 2023Aug 2023CHANGE
1 34
+33.3%
2 6569
+6.2%
3 187169
-9.6%
4 105121
+15.2%
5+ 6660
-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 2023Aug 2023CHANGE
140156+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Smyrna, you may be able to get a good deal. 41.6% of homes here sold below asking price last month.

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 2022Aug 2023CHANGE
12 Days21 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 27 Days Ago

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Nearby Markets

What housing markets are near Smyrna, GA?