Is Northeast Cobb, 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, 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.
Housing Prices in Northeast Cobb, GA
How much do homes in Northeast Cobb, GA cost?
Median Sold Price
$550,087
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Northeast Cobb have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Northeast Cobb was $550,087 in March 2024, up 7.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $225K | +7.1% |
| 2 Bedrooms | $279K | $299K | +7.2% |
| 3 Bedrooms | $400K | $410K | +2.5% |
| 4 Bedrooms | $525.5K | $557.3K | +6.1% |
| 5+ Bedrooms | $791.2K | $843.4K | +6.6% |
Summary: Northeast Cobb housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
| Sandy Springs | $551K | $621.8K | +12.9% |
| Roswell | $578.5K | $623.7K | +7.8% |
| Woodstock | $418K | $449.7K | +7.6% |
| Northeast Cobb | $511.7K | $550K | +7.5% |
| Marietta | $425K | $456.9K | +7.5% |
Housing Supply in Northeast Cobb, GA
How many homes are available in Northeast Cobb, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 588 | 651 | +10.7% |
Summary: The Northeast Cobb real estate market had 651 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 | 8 | 15 | +87.5% |
| 2 Bedrooms | 57 | 65 | +14.0% |
| 3 Bedrooms | 141 | 147 | +4.3% |
| 4 Bedrooms | 199 | 218 | +9.5% |
| 5+ Bedrooms | 183 | 206 | +12.6% |
Summary: The Northeast Cobb housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 87.5%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 12.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 161 | 168 | +4.3% |
Asking Price vs. Sold Price
56 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
65 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast Cobb, you could pay more than the asking price. 40.1% of homes here sold above asking price last month.
Summary: A total of 168 homes were sold or pending in Northeast Cobb in March 2024, up by 4.3% month-over-month. Of the 162 sold homes, 35% were sold under asking, 25% were sold at asking, and 40% were sold over asking.
Days on Market for Northeast Cobb, GA
How long does it take to sell a home in Northeast Cobb, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 26 Days | -10.2% |
Summary: Homes in Northeast Cobb had an average of 26 days on market in Mar 2024, down by 10.2% compared to last year.
Breakdown of Home Sale Times
121 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northeast Cobb are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 168 homes were sold in Northeast Cobb; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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