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 February 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

$420,039

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$11,490(+2.8%)

Key Takeaway

Homes in Cobb County have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Cobb County was $420,039 in February 2024, up 2.8% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $207.5K$210K
+1.2%
2 $260.9K$277K
+6.2%
3 $354.8K$364.8K
+2.8%
4 $457.3K$476.5K
+4.2%
5+ $656.4K$695.6K
+6.0%

Summary: Cobb County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 6%.

Median Sold Price Compared To Nearby Counties

Fulton County
+4.5%
Cherokee County
+4.4%
Cobb County
+2.8%
Douglas County
0%
Paulding County
-1.7%

Housing Supply in Cobb County, GA

How many homes are available in Cobb County, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2,6663,122+17.1%

Summary: The Cobb County real estate market had 3,122 homes for sale in February 2024, a 17.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 2428
+16.7%
2 297361
+21.5%
3 1,0251,189
+16.0%
4 776930
+19.8%
5+ 544614
+12.9%

Summary: The Cobb County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 12.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
559704+25.9%

Asking Price vs. Sold Price

332 Homes Were Sold
Under Asking

172 Homes Were Sold
At Asking

168 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. 49.4% of homes here sold below asking price last month.

Summary: A total of 704 homes were sold or pending in Cobb County in February 2024, up by 25.9% month-over-month. Of the 672 sold homes, 49% were sold under asking, 26% were sold at asking, and 25% 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

Feb 2023Feb 2024CHANGE
43 Days35 Days-17.9%

Summary: Homes in Cobb County had an average of 35 days on market in Feb 2024, down by 17.9% compared to last year.

Breakdown of Home Sale Times

435 Homes Were Sold
Under 30 Days

190 Homes Were Sold
In 30 - 90 Days

79 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 February 2024, 704 homes were sold in Cobb County; 62% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 11% 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 2 Days Ago

Newest Listings in Cobb County, GA

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