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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Snellville-Grayson is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Snellville-Grayson, GA

How much do homes in Snellville-Grayson, GA cost?

Median Sold Price

$390,371

$165/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$5,726(+1.5%)

Key Takeaway

Homes in Snellville-Grayson have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Snellville-Grayson was $390,371 in June 2024, up 1.5% from last year, and the median price per square foot was $165.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $115K-
N/A
2 $260K$277.4K
+6.7%
3 $325K$335K
+3.1%
4 $390K$396.8K
+1.8%
5+ $494.9K$510K
+3.0%

Summary: Snellville-Grayson housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 3%.

Median Sold Price Compared To Nearby Cities

Lawrenceville
+3.5%
Snellville
+2.8%
Snellville-Grayson
+1.5%
Grayson
0%
Loganville
-0.9%

Housing Supply in Snellville-Grayson, GA

How many homes are available in Snellville-Grayson, GA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
1,0061,027+2.1%

Summary: The Snellville-Grayson real estate market had 1,027 homes for sale in June 2024, a 2.1% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 108
-20.0%
3 322306
-5.0%
4 412409
-0.7%
5+ 262304
+16.0%

Summary: The Snellville-Grayson housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 16%.

Number of Homes Sold

May 2024Jun 2024CHANGE
312176-43.6%

Asking Price vs. Sold Price

66 Homes Were Sold
Under Asking

52 Homes Were Sold
At Asking

50 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Snellville-Grayson, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.

Summary: A total of 176 homes were sold or pending in Snellville-Grayson in June 2024, down by 43.6% month-over-month. Of the 168 sold homes, 39% were sold under asking, 31% were sold at asking, and 30% were sold over asking.

Days on Market for Snellville-Grayson, GA

How long does it take to sell a home in Snellville-Grayson, GA?

Average Sale Time

Jun 2023Jun 2024CHANGE
23 Days21 Days-7.8%

Summary: Homes in Snellville-Grayson had an average of 21 days on market in Jun 2024, down by 7.8% compared to last year.

Breakdown of Home Sale Times

140 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 176 homes were sold in Snellville-Grayson; 80% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 4% 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 23 Days Ago

Newest Listings in Snellville-Grayson, GA

Nearby Markets to Snellville-Grayson, GA

What housing markets are near Snellville-Grayson, GA?