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 March 2023

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.

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

+$12,775(+3.1%)

Key Takeaway

Homes in Cobb County have sold for 3.1% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $210K$210K
0.0%
2 $262.1K$278K
+6.1%
3 $354.5K$368.5K
+4.0%
4 $459.9K$478.8K
+4.1%
5+ $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
+6.3%
Cherokee County
+5.6%
Cobb County
+3.1%
Douglas County
+0.7%
Paulding County
-1.4%

Housing Supply in Cobb County, GA

How many homes are available in Cobb County, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3,0763,406+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

# BEDSFeb 2024Mar 2024CHANGE
1 2537
+48.0%
2 362389
+7.5%
3 1,1841,275
+7.7%
4 9001,024
+13.8%
5+ 605681
+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 2024Mar 2024CHANGE
823799-2.9%

Asking Price vs. Sold Price

337 Homes Were Sold
Under Asking

190 Homes Were Sold
At Asking

238 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cobb County, you may be able to get a good deal. 44.1% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
33 Days27 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 23 Days Ago

Newest Listings in Cobb County, GA

Nearby Markets to Cobb County, GA

What housing markets are near Cobb County, GA?