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 2023

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 in Acworth-Kennesaw, GA

How much do homes in Acworth-Kennesaw, GA cost?

Median Sold Price

$435,573

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$16,075(+3.8%)

Key Takeaway

Homes in Acworth-Kennesaw have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Acworth-Kennesaw was $435,573 in August 2024, up 3.8% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $150K$140K
-6.7%
2 $285K$300K
+5.3%
3 $352K$372.8K
+5.9%
4 $441.7K$470.1K
+6.4%
5+ $632.5K$668.3K
+5.7%

Summary: Acworth-Kennesaw housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 5.7%.

Median Sold Price Compared To Nearby Cities

Marietta
+7.6%
Acworth-Kennesaw
+3.8%
Acworth
+3.1%
North Paulding
+2.8%
Kennesaw
+1.5%

Housing Supply in Acworth-Kennesaw, GA

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

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
1,1121,169+5.1%

Summary: The Acworth-Kennesaw real estate market had 1,169 homes for sale in August 2024, a 5.1% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 11
0.0%
2 8382
-1.2%
3 377389
+3.2%
4 351371
+5.7%
5+ 300326
+8.7%

Summary: The Acworth-Kennesaw housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
316221-30.1%

Asking Price vs. Sold Price

120 Homes Were Sold
Under Asking

61 Homes Were Sold
At Asking

33 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. 56.1% of homes here sold below asking price last month.

Summary: A total of 221 homes were sold or pending in Acworth-Kennesaw in August 2024, down by 30.1% month-over-month. Of the 214 sold homes, 56% were sold under asking, 29% were sold at asking, and 15% were sold over asking.

Days on Market for Acworth-Kennesaw, GA

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

Average Sale Time

Aug 2023Aug 2024CHANGE
25 Days32 Days+26.6%

Summary: Homes in Acworth-Kennesaw had an average of 32 days on market in Aug 2024, up by 26.6% compared to last year.

Breakdown of Home Sale Times

124 Homes Were Sold
Under 30 Days

84 Homes Were Sold
In 30 - 90 Days

13 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 2024, 221 homes were sold in Acworth-Kennesaw; 56% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 6% 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 14 Days Ago

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