Is Acworth-Kennesaw, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Acworth-Kennesaw has remained a Seller's Market.
Key Takeaway
Acworth-Kennesaw is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Acworth-Kennesaw, GA cost?
Median Sold Price
$415,085
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Acworth-Kennesaw have sold for 3% more than they did a year ago.
Summary: The median home sold price in Acworth-Kennesaw was $415,085 in August 2023, up 3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $68K | $162.5K | +139.0% |
| 2 Bedrooms | $265K | $285K | +7.5% |
| 3 Bedrooms | $338.6K | $350K | +3.3% |
| 4 Bedrooms | $424.7K | $440K | +3.6% |
| 5+ Bedrooms | $597.7K | $617.1K | +3.3% |
Summary: Acworth-Kennesaw housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 139%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Kennesaw | $329.5K | $390K | +18.4% |
| Acworth | $350K | $398.1K | +13.7% |
| Marietta | $400.8K | $449.3K | +12.1% |
| Acworth-Kennesaw | $402.8K | $415K | +3.0% |
| North Paulding | $411.5K | $411.7K | 0.0% |
Housing Supply
How many homes are available in Acworth-Kennesaw, GA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 917 | 911 | -0.7% |
Summary: The Acworth-Kennesaw real estate market had 911 homes for sale in August 2023, a 0.7% decrease compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 47 | 45 | -4.3% |
| 3 Bedrooms | 300 | 315 | +5.0% |
| 4 Bedrooms | 305 | 291 | -4.6% |
| 5+ Bedrooms | 262 | 258 | -1.5% |
Summary: The Acworth-Kennesaw housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 1.5%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 279 | 297 | +6.5% |
Asking Price vs. Sold Price
111 Homes Were Sold
Under Asking
76 Homes Were Sold
At Asking
98 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Acworth-Kennesaw, you may be able to get a good deal. 38.9% of homes here sold below asking price last month.
Summary: A total of 297 homes were sold or pending in Acworth-Kennesaw in August 2023, up by 6.5% month-over-month. Of the 285 sold homes, 39% were sold under asking, 27% were sold at asking, and 34% were sold over asking.
Days on Market
How long does it take to sell a home in Acworth-Kennesaw, GA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 16 Days | 25 Days | +55.1% |
Summary: Homes in Acworth-Kennesaw had an average of 25 days on market in Aug 2023, up by 55.1% compared to last year.
Breakdown of Home Sale Times
232 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Acworth-Kennesaw are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 297 homes were sold in Acworth-Kennesaw; 78% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2023 of the REALTRACS MLS. All rights Reserved.