Is Cobb County, 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, 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
$422,892
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cobb County was $422,892 in March 2024, up 3.1% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $210K | 0.0% |
2 Bedrooms | $262.1K | $278K | +6.1% |
3 Bedrooms | $354.5K | $368.5K | +4.0% |
4 Bedrooms | $459.9K | $478.8K | +4.1% |
5+ Bedrooms | $658K | $699.7K | +6.3% |
Summary: Cobb County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 6.3%.
Median Sold Price Compared To Nearby Counties
Fulton County | $435.2K | $462.4K | +6.3% |
Cherokee County | $431.1K | $455.1K | +5.6% |
Cobb County | $410.1K | $422.8K | +3.1% |
Douglas County | $315K | $317.2K | +0.7% |
Paulding County | $355K | $350K | -1.4% |
Housing Supply in Cobb County, GA
How many homes are available in Cobb County, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3,076 | 3,406 | +10.7% |
Summary: The Cobb County real estate market had 3,406 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 37 | +48.0% |
2 Bedrooms | 362 | 389 | +7.5% |
3 Bedrooms | 1,184 | 1,275 | +7.7% |
4 Bedrooms | 900 | 1,024 | +13.8% |
5+ Bedrooms | 605 | 681 | +12.6% |
Summary: The Cobb County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 48%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 12.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
823 | 799 | -2.9% |
Asking Price vs. Sold Price
337 Homes Were Sold
Under Asking
190 Homes Were Sold
At Asking
238 Homes Were Sold
Over Asking
Summary: A total of 799 homes were sold or pending in Cobb County in March 2024, down by 2.9% month-over-month. Of the 765 sold homes, 44% were sold under asking, 25% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 27 Days | -16.4% |
Summary: Homes in Cobb County had an average of 27 days on market in Mar 2024, down by 16.4% compared to last year.
Breakdown of Home Sale Times
566 Homes Were Sold
Under 30 Days
168 Homes Were Sold
In 30 - 90 Days
64 Homes Were Sold
Over 90 Days
Summary: During March 2024, 799 homes were sold in Cobb County; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.