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.
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
$532,396
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Northeast Cobb have sold for 5.7% more than they did a year ago.
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
Key Takeaway
If you're buying a home in Northeast Cobb, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Northeast Cobb are selling fast, if you're buying plan to act quickly.
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.
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