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 March 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

$387,521

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$4,065(+1.1%)

Key Takeaway

Homes in Snellville-Grayson have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Snellville-Grayson was $387,521 in March 2024, up 1.1% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $115K-
N/A
2 $255K$289.5K
+13.5%
3 $327.9K$334.5K
+2.0%
4 $394.6K$393.9K
-0.2%
5+ $490K$496.6K
+1.3%

Summary: Snellville-Grayson housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 1.3%.

Median Sold Price Compared To Nearby Cities

Lawrenceville
+2.5%
Snellville-Grayson
+1.1%
Snellville
-0.2%
Loganville
-1.0%
Grayson
-3.3%

Housing Supply in Snellville-Grayson, GA

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

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
705799+13.3%

Summary: The Snellville-Grayson real estate market had 799 homes for sale in March 2024, a 13.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 233243
+4.3%
4 253320
+26.5%
5+ 216232
+7.4%

Summary: The Snellville-Grayson housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes increased by 7.4%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
164182+11.0%

Asking Price vs. Sold Price

89 Homes Were Sold
Under Asking

46 Homes Were Sold
At Asking

38 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. 51.4% of homes here sold below asking price last month.

Summary: A total of 182 homes were sold or pending in Snellville-Grayson in March 2024, up by 11.0% month-over-month. Of the 173 sold homes, 51% were sold under asking, 27% were sold at asking, and 22% 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

Mar 2023Mar 2024CHANGE
57 Days41 Days-28.6%

Summary: Homes in Snellville-Grayson had an average of 41 days on market in Mar 2024, down by 28.6% compared to last year.

Breakdown of Home Sale Times

113 Homes Were Sold
Under 30 Days

42 Homes Were Sold
In 30 - 90 Days

27 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 March 2024, 182 homes were sold in Snellville-Grayson; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% 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 25 Days Ago

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