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.
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
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
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
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.