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 April 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

$388,143

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$4,062(+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 $388,143 in April 2024, up 1.1% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $115K-
N/A
2 $255K$289K
+13.3%
3 $325.2K$335K
+3.0%
4 $394.6K$395K
0.1%
5+ $490K$499.1K
+1.9%

Summary: Snellville-Grayson housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Cities

Lawrenceville
+2.7%
Snellville-Grayson
+1.1%
Snellville
-0.1%
Loganville
-1.1%
Grayson
-1.6%

Housing Supply in Snellville-Grayson, GA

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

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
792909+14.8%

Summary: The Snellville-Grayson real estate market had 909 homes for sale in April 2024, a 14.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 47
+75.0%
3 234278
+18.8%
4 326374
+14.7%
5+ 228250
+9.6%

Summary: The Snellville-Grayson housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 14.7%, and 5+ bedroom homes increased by 9.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
198206+4.0%

Asking Price vs. Sold Price

73 Homes Were Sold
Under Asking

61 Homes Were Sold
At Asking

64 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. 36.9% of homes here sold below asking price last month.

Summary: A total of 206 homes were sold or pending in Snellville-Grayson in April 2024, up by 4.0% month-over-month. Of the 198 sold homes, 37% were sold under asking, 31% were sold at asking, and 32% 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

Apr 2023Apr 2024CHANGE
38 Days29 Days-23.8%

Summary: Homes in Snellville-Grayson had an average of 29 days on market in Apr 2024, down by 23.8% compared to last year.

Breakdown of Home Sale Times

135 Homes Were Sold
Under 30 Days

55 Homes Were Sold
In 30 - 90 Days

16 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 April 2024, 206 homes were sold in Snellville-Grayson; 66% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 8% 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 14 Days Ago

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