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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Snellville is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Snellville has remained a Seller's Market.

Key Takeaway

Snellville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Snellville, GA cost?

Median Sold Price

$364,987

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$65,954(+22.1%)

Key Takeaway

Homes in Snellville have sold for 22.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $284.3K$375K
+31.9%
3 $265K$342.3K
+29.2%
4 $320.8K$377.4K
+17.6%
5+ $365.4K$424.9K
+16.3%

Median Sold Price Compared To Nearby Cities

Snellville
+22.1%
Snellville-Grayson
+20.1%

How many homes are available in Snellville, GA?

Number of Homes For Sale

Oct 2022Nov 2022%
159158-0.6%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 32
-33.3%
3 7073
+4.3%
4 7471
-4.1%
5+ 1212
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
3229-9.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Snellville, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
14 Days33 Days+129.9%

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Snellville 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 Snellville, GA

Homes for sale in Snellville, GA have reached 158. The number of listings in Snellville, GA decreased by 0.6% between October 2022 and November 2022. Listings spent 33 days on the market in November 2022, and had a median list price of $364,987 during the same period. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 31.9%, 3 bedrooms properties became 29.2% more expensive, 4 bedrooms properties prices increased by 17.6%, prices of 5 bedrooms properties went up by 16.3%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory decreased by 33.3%, 3 bedrooms homes inventory increased by 4.3%, the quantity of 4 bedrooms homes went down by 4.1%, the quantity of 5 bedrooms homes have not changed. In November 2022, from all listings sold in Snellville, GA there were more than 5 sold above asking price, over 9 sold below and more than 12 were sold right at the asked price.

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