Is Marietta, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Marietta is a seller's market

Buyer's
Market

Difference Since November 2022

At the same time last year, Marietta was a Buyer's Market.

Key Takeaway

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

Housing Prices in Marietta, GA

How much do homes in Marietta, GA cost?

Median Sold Price

$451,265

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$35,840(+8.6%)

Key Takeaway

Homes in Marietta have sold for 8.6% more than they did a year ago.

Summary: The median home sold price in Marietta was $451,265 in November 2023, up 8.6% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $189.5K$212.3K
+12.1%
2 $240K$259.9K
+8.3%
3 $390.2K$383.6K
-1.7%
4 $510K$509.9K
0%
5+ $685K$767.5K
+12.0%

Summary: Marietta housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 12.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 12%.

Median Sold Price Compared To Nearby Cities

Kennesaw
+15.2%
Marietta
+8.6%
Northeast Cobb
+5.7%
Smyrna
+1.3%
Fair Oaks
-2.2%

Housing Supply in Marietta, GA

How many homes are available in Marietta, GA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
1,1381,133-0.4%

Summary: The Marietta real estate market had 1,133 homes for sale in November 2023, a 0.4% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 1311
-15.4%
2 109124
+13.8%
3 378388
+2.6%
4 389360
-7.5%
5+ 249250
0.4%

Summary: The Marietta housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 15.4%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes increased by 0.4%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
313251-19.8%

Asking Price vs. Sold Price

118 Homes Were Sold
Under Asking

63 Homes Were Sold
At Asking

54 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Marietta, you may be able to get a good deal. 50.2% of homes here sold below asking price last month.

Summary: A total of 251 homes were sold or pending in Marietta in November 2023, down by 19.8% month-over-month. Of the 235 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% were sold over asking.

Days on Market for Marietta, GA

How long does it take to sell a home in Marietta, GA?

Average Sale Time

Nov 2022Nov 2023CHANGE
43 Days25 Days-41.6%

Summary: Homes in Marietta had an average of 25 days on market in Nov 2023, down by 41.6% compared to last year.

Breakdown of Home Sale Times

180 Homes Were Sold
Under 30 Days

57 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 251 homes were sold in Marietta; 72% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% 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 6 Days Ago

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