Is Snellville, 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, Snellville has remained a Seller's Market.
Housing Prices in Snellville, GA
How much do homes in Snellville, GA cost?
Median Sold Price
$360,121
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Snellville was $360,121 in March 2024, down 0.2% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $295K | $315K | +6.8% |
3 Bedrooms | $321K | $315.4K | -1.7% |
4 Bedrooms | $376.1K | $375K | -0.3% |
5+ Bedrooms | $478K | $480K | 0.4% |
Summary: Snellville 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 6.8%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 0.4%.
Median Sold Price Compared To Nearby Cities
Snellville-Grayson | $383.4K | $387.5K | +1.1% |
Snellville | $360.9K | $360.1K | -0.2% |
Housing Supply in Snellville, GA
How many homes are available in Snellville, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
347 | 387 | +11.5% |
Summary: The Snellville real estate market had 387 homes for sale in March 2024, a 11.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 151 | 155 | +2.6% |
4 Bedrooms | 125 | 160 | +28.0% |
5+ Bedrooms | 69 | 70 | +1.4% |
Summary: The Snellville 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 remained the same, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 1.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
86 | 83 | -3.5% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 83 homes were sold or pending in Snellville in March 2024, down by 3.5% month-over-month. Of the 77 sold homes, 55% were sold under asking, 22% were sold at asking, and 23% were sold over asking.
Days on Market for Snellville, GA
How long does it take to sell a home in Snellville, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 28 Days | -50.8% |
Summary: Homes in Snellville had an average of 28 days on market in Mar 2024, down by 50.8% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 83 homes were sold in Snellville; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.