Is Cobb County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Cobb County has remained a Seller's Market.
Housing Prices in Cobb County, GA
How much do homes in Cobb County, GA cost?
Median Sold Price
$424,140
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cobb County was $424,140 in April 2024, up 3.4% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $208.6K | -0.6% |
2 Bedrooms | $264.3K | $280K | +5.9% |
3 Bedrooms | $353.5K | $370.1K | +4.7% |
4 Bedrooms | $460.1K | $479.6K | +4.2% |
5+ Bedrooms | $650.9K | $709.3K | +9.0% |
Summary: Cobb County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Counties
Fulton County | $435.8K | $467.1K | +7.2% |
Cherokee County | $433.1K | $458K | +5.8% |
Cobb County | $410.3K | $424.1K | +3.4% |
Douglas County | $314.9K | $319.6K | +1.5% |
Paulding County | $351.6K | $350.1K | -0.4% |
Housing Supply in Cobb County, GA
How many homes are available in Cobb County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3,335 | 3,861 | +15.8% |
Summary: The Cobb County real estate market had 3,861 homes for sale in April 2024, a 15.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 33 | 36 | +9.1% |
2 Bedrooms | 365 | 397 | +8.8% |
3 Bedrooms | 1,257 | 1,410 | +12.2% |
4 Bedrooms | 1,002 | 1,178 | +17.6% |
5+ Bedrooms | 678 | 840 | +23.9% |
Summary: The Cobb County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 23.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
899 | 933 | +3.8% |
Asking Price vs. Sold Price
387 Homes Were Sold
Under Asking
225 Homes Were Sold
At Asking
299 Homes Were Sold
Over Asking
Summary: A total of 933 homes were sold or pending in Cobb County in April 2024, up by 3.8% month-over-month. Of the 911 sold homes, 42% were sold under asking, 25% were sold at asking, and 33% were sold over asking.
Days on Market for Cobb County, GA
How long does it take to sell a home in Cobb County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
27 Days | 24 Days | -10.4% |
Summary: Homes in Cobb County had an average of 24 days on market in Apr 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
704 Homes Were Sold
Under 30 Days
163 Homes Were Sold
In 30 - 90 Days
66 Homes Were Sold
Over 90 Days
Summary: During April 2024, 933 homes were sold in Cobb County; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.