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 October 2023

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.

Housing Prices in Snellville, GA

How much do homes in Snellville, GA cost?

Median Sold Price

$365,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,000(+1.7%)

Key Takeaway

Homes in Snellville have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Snellville was $365,000 in October 2024, up 1.7% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $322K$265K
-17.7%
3 $314.6K$325K
+3.3%
4 $375.5K$380K
+1.2%
5+ $476.5K$480K
+0.7%

Summary: Snellville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 0.7%.

Median Sold Price Compared To Nearby Cities

Snellville
+1.7%
Snellville-Grayson
+1.3%

Housing Supply in Snellville, GA

How many homes are available in Snellville, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
470527+12.1%

Summary: The Snellville real estate market had 527 homes for sale in October 2024, a 12.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 172194
+12.8%
4 198202
+2.0%
5+ 96126
+31.3%

Summary: The Snellville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 31.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
84106+26.2%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

23 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Snellville, you may be able to get a good deal. 51% of homes here sold below asking price last month.

Summary: A total of 106 homes were sold or pending in Snellville in October 2024, up by 26.2% month-over-month. Of the 98 sold homes, 51% were sold under asking, 26% 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

Oct 2023Oct 2024CHANGE
24 Days39 Days+59.7%

Summary: Homes in Snellville had an average of 39 days on market in Oct 2024, up by 59.7% compared to last year.

Breakdown of Home Sale Times

52 Homes Were Sold
Under 30 Days

40 Homes Were Sold
In 30 - 90 Days

14 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.

Summary: During October 2024, 106 homes were sold in Snellville; 49% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% 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 16 Days Ago

Newest Listings in Snellville, GA

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