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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Acworth-Kennesaw is a 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

+$12,244(+3.0%)

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

# BEDSAug 2022Aug 2023CHANGE
1 $68K$162.5K
+139.0%
2 $265K$285K
+7.5%
3 $338.6K$350K
+3.3%
4 $424.7K$440K
+3.6%
5+ $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
+18.4%
Acworth
+13.7%
Marietta
+12.1%
Acworth-Kennesaw
+3.0%
North Paulding
0.0%

Housing Supply

How many homes are available in Acworth-Kennesaw, GA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
917911-0.7%

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

# BEDSJul 2023Aug 2023CHANGE
1 32
-33.3%
2 4745
-4.3%
3 300315
+5.0%
4 305291
-4.6%
5+ 262258
-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 2023Aug 2023CHANGE
279297+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

Asking vs Sold - buyer

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 2022Aug 2023CHANGE
16 Days25 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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Nearby Markets

What housing markets are near Acworth-Kennesaw, GA?