Is Northeast Cobb, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Northeast Cobb has remained a Seller's Market.
Housing Prices in Northeast Cobb, GA
How much do homes in Northeast Cobb, GA cost?
Median Sold Price
$532,396
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Summary: The median home sold price in Northeast Cobb was $532,396 in November 2023, up 5.7% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $228K | +8.6% |
2 Bedrooms | $265K | $295K | +11.3% |
3 Bedrooms | $395K | $400K | +1.3% |
4 Bedrooms | $522.7K | $541.7K | +3.6% |
5+ Bedrooms | $794.2K | $805K | +1.4% |
Summary: Northeast Cobb housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 8.6%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
Marietta | $415.4K | $451.2K | +8.6% |
Roswell | $560K | $606.2K | +8.3% |
Northeast Cobb | $503.7K | $532.3K | +5.7% |
Sandy Springs | $551.4K | $576.5K | +4.5% |
Woodstock | $420K | $435K | +3.6% |
Housing Supply in Northeast Cobb, GA
How many homes are available in Northeast Cobb, GA?
Number of Homes For Sale
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
579 | 577 | -0.3% |
Summary: The Northeast Cobb real estate market had 577 homes for sale in November 2023, a 0.3% decrease compared to October 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 10 | -23.1% |
2 Bedrooms | 50 | 48 | -4.0% |
3 Bedrooms | 124 | 131 | +5.6% |
4 Bedrooms | 212 | 206 | -2.8% |
5+ Bedrooms | 180 | 182 | +1.1% |
Summary: The Northeast Cobb housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.1%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 5.6%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 1.1%.
Number of Homes Sold
Oct 2023 | Nov 2023 | CHANGE |
---|---|---|
147 | 137 | -6.8% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 137 homes were sold or pending in Northeast Cobb in November 2023, down by 6.8% month-over-month. Of the 133 sold homes, 52% were sold under asking, 25% were sold at asking, and 23% 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
Nov 2022 | Nov 2023 | CHANGE |
---|---|---|
28 Days | 28 Days | +1.0% |
Summary: Homes in Northeast Cobb had an average of 28 days on market in Nov 2023, up by 1% compared to last year.
Breakdown of Home Sale Times
99 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During November 2023, 137 homes were sold in Northeast Cobb; 72% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.