Is Cabbagetown, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Cabbagetown has remained a Seller's Market.
Key Takeaway
Cabbagetown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cabbagetown, GA
How much do homes in Cabbagetown, GA cost?
Median Sold Price
$425,000
$401/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cabbagetown have sold for 13.3% less than they did a year ago.
Summary: The median home sold price in Cabbagetown was $425,000 in March 2024, down 13.3% from last year, and the median price per square foot was $401.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $390K | $378K | -3.1% |
| 2 Bedrooms | $514K | $654.1K | +27.3% |
| 3 Bedrooms | $594K | $655K | +10.3% |
| 4 Bedrooms | $790K | - | N/A |
| 5+ Bedrooms | - | $730K | N/A |
Summary: Cabbagetown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Old Fourth Ward | $383.8K | $445K | +15.9% |
| Reynoldstown | $586.9K | $652.4K | +11.2% |
| Cabbagetown | $490K | $425K | -13.3% |
Housing Supply in Cabbagetown, GA
How many homes are available in Cabbagetown, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 26 | +30.0% |
Summary: The Cabbagetown real estate market had 26 homes for sale in March 2024, a 30.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 11 | +10.0% |
| 2 Bedrooms | 10 | 15 | +50.0% |
| 3 Bedrooms | 0 | 0 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cabbagetown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cabbagetown, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cabbagetown in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Cabbagetown, GA
How long does it take to sell a home in Cabbagetown, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 67 Days | +89.3% |
Summary: Homes in Cabbagetown had an average of 67 days on market in Mar 2024, up by 89.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cabbagetown are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Cabbagetown; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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.