Is Rome, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rome is a seller's market

Buyer's
Market

Difference Since April 2021

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

Key Takeaway

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

How much do homes in Rome, GA cost?

Median Sold Price

$189,000

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$22,612(+13.6%)

Key Takeaway

Homes in Rome have sold for 13.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $132.5K$72.9K
-45.0%
2 $112.5K$93K
-17.3%
3 $153.8K$175.8K
+14.3%
4 $256.2K$283.5K
+10.6%
5+ $348K$365K
+4.9%

Median Sold Price Compared To Nearby Cities

Lindale
+34.0%
Armuchee
+16.9%
Rome
+13.6%

How many homes are available in Rome, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
155146-5.8%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 75
-28.6%
2 4140
-2.4%
3 5356
+5.7%
4 4132
-22.0%
5+ 1313
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
52520.0%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rome, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
22 Days19 Days-12.0%

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rome 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 Rome, GA

Rome, GA has 146 homes on the market. Between March 2022 and April 2022, Rome, GA real estate market has seen decrease in the number of listings by 5.8%. In April 2022 median list price was $189,000 and the average listing age was 19 days. Listing prices have changed in this real estate market between March 2022 and April 2022: prices of 1 bedroom properties went down by 45%, the cost of 2 bedrooms properties went down by 17.3%, the cost of 3 bedrooms properties went up by 14.3%, prices of 4 bedrooms properties increased by 10.6%, 5 bedrooms properties became 4.9% more expensive. This housing market inventory have changed: the quantity of 1 bedroom homes went down by 28.6%, the quantity of 2 bedrooms homes went down by 2.4%, number of 3 bedrooms homes increased by 5.7%, 4 bedrooms homes inventory decreased by 22%, number of 5 bedrooms homes remained the same. Rome, GA housing market in April 2022 saw over 13 listings sold above listed price, more than 8 sold at listed price and over 25 sold below.

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