Is Cobb County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cobb County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Cobb County has remained a Seller's Market.

Key Takeaway

Cobb County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cobb County, GA cost?

Median Sold Price

$401,579

$187/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$51,580(+14.7%)

Key Takeaway

Homes in Cobb County have sold for 14.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $160.5K$198.5K
+23.7%
2 $215K$255.1K
+18.7%
3 $299.9K$350K
+16.7%
4 $389.7K$449.5K
+15.3%
5+ $550.6K$634.9K
+15.3%

Median Sold Price Compared To Nearby Counties

Paulding County
+24.6%
Douglas County
+20.9%
Cherokee County
+19.0%
Cobb County
+14.7%
Fulton County
+10.6%

How many homes are available in Cobb County, GA?

Number of Homes For Sale

Sep 2022Oct 2022%
3,7293,642-2.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 3424
-29.4%
2 336330
-1.8%
3 1,4451,426
-1.3%
4 1,1781,122
-4.8%
5+ 736740
0.5%

Number of Homes Sold

Sep 2022Oct 2022%
1,085840-22.6%

Asking Price vs. Sold Price

400 Homes Were Sold
Under Asking

175 Homes Were Sold
At Asking

225 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cobb County, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
15 Days24 Days+56.7%

Breakdown of Home Sale Times

607 Homes Were Sold
Under 30 Days

184 Homes Were Sold
In 30 - 90 Days

46 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cobb County are selling fast, if you're buying plan to act quickly.

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

About Cobb County, GA

Number of homes for sale in Cobb County, GA real estate market have reached 3,642. The inventory of homes for sale in Cobb County, GA between September 2022 and October 2022 decreased by 2.3%. In October 2022, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $401,579. Listing prices have changed in this real estate market between September 2022 and October 2022: the cost of 1 bedroom properties went up by 23.7%, prices of 2 bedrooms properties increased by 18.7%, prices of 3 bedrooms properties went up by 16.7%, prices of 4 bedrooms properties increased by 15.3%, 5 bedrooms properties prices increased by 15.3%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 29.4%, the quantity of 2 bedrooms homes went down by 1.8%, the quantity of 3 bedrooms homes went down by 1.3%, 4 bedrooms homes inventory decreased by 4.8%, 5 bedrooms homes became 0.5% more available. Over 225 listings were sold over their listed price in October 2022 in Cobb County, GA. In the same period over 400 listings were sold below the listed price and 175 listings were sold for the listed price.

Related Housing Market Reports