Is Rome, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Rome has remained a Seller's Market.
Housing Prices in Rome, GA
How much do homes in Rome, GA cost?
Median Sold Price
$242,443
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Rome was $242,443 in June 2024, up 9.5% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $212.5K | +136.1% |
2 Bedrooms | $139K | $164K | +18.0% |
3 Bedrooms | $203.8K | $237.3K | +16.5% |
4 Bedrooms | $318K | $335K | +5.3% |
5+ Bedrooms | $499K | $515K | +3.2% |
Summary: Rome housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 136.1%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 16.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Cities
Lindale | $166K | $210K | +26.5% |
Rome | $221.3K | $242.4K | +9.5% |
Armuchee | $269.9K | $294K | +8.9% |
Housing Supply in Rome, GA
How many homes are available in Rome, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
439 | 471 | +7.3% |
Summary: The Rome real estate market had 471 homes for sale in June 2024, a 7.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 69 | 74 | +7.2% |
3 Bedrooms | 210 | 232 | +10.5% |
4 Bedrooms | 114 | 111 | -2.6% |
5+ Bedrooms | 42 | 49 | +16.7% |
Summary: The Rome housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
104 | 82 | -21.2% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 82 homes were sold or pending in Rome in June 2024, down by 21.2% month-over-month. Of the 77 sold homes, 40% were sold under asking, 36% were sold at asking, and 23% were sold over asking.
Days on Market for Rome, GA
How long does it take to sell a home in Rome, GA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
32 Days | 38 Days | +20.7% |
Summary: Homes in Rome had an average of 38 days on market in Jun 2024, up by 20.7% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During June 2024, 82 homes were sold in Rome; 52% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.