Is Northeast Cobb, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast Cobb is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, Northeast Cobb has remained a Seller's Market.

Key Takeaway

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

How much do homes in Northeast Cobb, GA cost?

Median Sold Price

$465,448

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$55,941(+13.7%)

Key Takeaway

Homes in Northeast Cobb have sold for 13.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $157.5K$175K
+11.1%
2 $205K$236.3K
+15.3%
3 $304.3K$365K
+19.9%
4 $415K$485K
+16.9%
5+ $599.9K$708.7K
+18.1%

Median Sold Price Compared To Nearby Cities

Woodstock
+21.1%
Marietta
+14.8%
Northeast Cobb
+13.7%
Roswell
+12.8%
Sandy Springs
+10.3%

How many homes are available in Northeast Cobb, GA?

Number of Homes For Sale

Apr 2022May 2022%
842908+7.8%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 1312
-7.7%
2 5141
-19.6%
3 195212
+8.7%
4 312341
+9.3%
5+ 271302
+11.4%

Number of Homes Sold

Apr 2022May 2022%
294340+15.6%

Asking Price vs. Sold Price

42 Homes Were Sold
Under Asking

34 Homes Were Sold
At Asking

245 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast Cobb, you could pay more than the asking price. 76.3% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
12 Days13 Days+13.0%

Breakdown of Home Sale Times

314 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Northeast Cobb, GA

There are 908 homes are for sale in Northeast Cobb, GA real estate market. The number of homes for sale in Northeast Cobb, GA increased by 7.8% between April 2022 and May 2022. The median list price of listings available in May 2022 was $465,448, while the average time on the real estate market was 13 days. Between April 2022 and May 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties became 11.1% more expensive, prices of 2 bedrooms properties increased by 15.3%, 3 bedrooms properties became 19.9% more expensive, prices of 4 bedrooms properties increased by 16.9%, prices of 5 bedrooms properties went up by 18.1%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory decreased by 7.7%, the quantity of 2 bedrooms homes went down by 19.6%, the quantity of 3 bedrooms homes went up by 8.7%, volume of 4 bedrooms homes went up by 9.3%, 5 bedrooms homes inventory increased by 11.4%. Over 245 listings were sold over their listed price in May 2022 in Northeast Cobb, GA. In the same period over 42 listings were sold below the listed price and 34 listings were sold for the listed price.

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