Is Cobb County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Cobb County has remained a Seller's Market.
Housing Prices in Cobb County, GA
How much do homes in Cobb County, GA cost?
Median Sold Price
$428,700
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Cobb County was $428,700 in June 2024, up 4.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $210K | +2.4% |
2 Bedrooms | $265K | $280K | +5.7% |
3 Bedrooms | $350.9K | $375K | +6.9% |
4 Bedrooms | $459.8K | $487.2K | +6.0% |
5+ Bedrooms | $661.6K | $718K | +8.5% |
Summary: Cobb County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 5.7%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Counties
Fulton County | $436.6K | $470.5K | +7.8% |
Cherokee County | $431.9K | $465.3K | +7.7% |
Cobb County | $409.4K | $428.7K | +4.7% |
Douglas County | $314.4K | $319.9K | +1.8% |
Paulding County | $349.9K | $355.4K | +1.5% |
Housing Supply in Cobb County, GA
How many homes are available in Cobb County, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
4,127 | 4,344 | +5.3% |
Summary: The Cobb County real estate market had 4,344 homes for sale in June 2024, a 5.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 35 | 38 | +8.6% |
2 Bedrooms | 397 | 427 | +7.6% |
3 Bedrooms | 1,526 | 1,567 | +2.7% |
4 Bedrooms | 1,262 | 1,346 | +6.7% |
5+ Bedrooms | 907 | 966 | +6.5% |
Summary: The Cobb County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 6.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,162 | 968 | -16.7% |
Asking Price vs. Sold Price
375 Homes Were Sold
Under Asking
268 Homes Were Sold
At Asking
294 Homes Were Sold
Over Asking
Summary: A total of 968 homes were sold or pending in Cobb County in June 2024, down by 16.7% month-over-month. Of the 937 sold homes, 40% were sold under asking, 29% were sold at asking, and 31% were sold over asking.
Days on Market for Cobb County, GA
How long does it take to sell a home in Cobb County, GA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
21 Days | 22 Days | +3.5% |
Summary: Homes in Cobb County had an average of 22 days on market in Jun 2024, up by 3.5% compared to last year.
Breakdown of Home Sale Times
747 Homes Were Sold
Under 30 Days
178 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Summary: During June 2024, 968 homes were sold in Cobb County; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.