Is Acworth, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Acworth is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Acworth has remained a Seller's Market.

Key Takeaway

Acworth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Acworth, GA

How much do homes in Acworth, GA cost?

Median Sold Price

$410,473

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$18,639(+4.8%)

Key Takeaway

Homes in Acworth have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Acworth was $410,473 in May 2024, up 4.8% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$130K
N/A
2 $288.7K$300K
+3.9%
3 $344.5K$361.8K
+5.0%
4 $420.2K$444.1K
+5.7%
5+ $534.6K$576.1K
+7.8%

Summary: Acworth housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 7.8%.

Median Sold Price Compared To Nearby Cities

Acworth
+4.8%
Acworth-Kennesaw
+4.7%
Kennesaw
+3.7%

Housing Supply in Acworth, GA

How many homes are available in Acworth, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
594668+12.5%

Summary: The Acworth real estate market had 668 homes for sale in May 2024, a 12.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 3539
+11.4%
3 233250
+7.3%
4 168192
+14.3%
5+ 157187
+19.1%

Summary: The Acworth housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 19.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
169170+0.6%

Asking Price vs. Sold Price

54 Homes Were Sold
Under Asking

44 Homes Were Sold
At Asking

69 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Acworth, you could pay more than the asking price. 41.3% of homes here sold above asking price last month.

Summary: A total of 170 homes were sold or pending in Acworth in May 2024, up by 0.6% month-over-month. Of the 167 sold homes, 32% were sold under asking, 26% were sold at asking, and 41% were sold over asking.

Days on Market for Acworth, GA

How long does it take to sell a home in Acworth, GA?

Average Sale Time

May 2023May 2024CHANGE
23 Days26 Days+15.9%

Summary: Homes in Acworth had an average of 26 days on market in May 2024, up by 15.9% compared to last year.

Breakdown of Home Sale Times

130 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

15 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Acworth are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 170 homes were sold in Acworth; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 9% 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 12 Days Ago

Newest Listings in Acworth, GA

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