Is Rome, 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, 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.
Housing Prices in Rome, GA
How much do homes in Rome, GA cost?
Median Sold Price
$233,450
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Rome have sold for 21.5% more than they did a year ago.
Summary: The median home sold price in Rome was $233,450 in November 2023, up 21.5% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $77K | -50.3% |
| 2 Bedrooms | $102.5K | $155K | +51.2% |
| 3 Bedrooms | $185K | $215.2K | +16.4% |
| 4 Bedrooms | $295K | $334.5K | +13.4% |
| 5+ Bedrooms | $395.9K | $465K | +17.5% |
Summary: Rome housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 50.3%, 2 bedroom homes increased by 51.2%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 17.5%.
Median Sold Price Compared To Nearby Cities
| Rome | $192.1K | $233.4K | +21.5% |
| Armuchee | $265K | $275K | +3.8% |
| Lindale | $186.4K | $185K | -0.8% |
Housing Supply in Rome, GA
How many homes are available in Rome, GA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 347 | 350 | +0.9% |
Summary: The Rome real estate market had 350 homes for sale in November 2023, a 0.9% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 60 | 64 | +6.7% |
| 3 Bedrooms | 165 | 170 | +3.0% |
| 4 Bedrooms | 84 | 82 | -2.4% |
| 5+ Bedrooms | 34 | 31 | -8.8% |
Summary: The Rome housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes decreased by 8.8%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 85 | 70 | -17.6% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rome, you may be able to get a good deal. 64.2% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in Rome in November 2023, down by 17.6% month-over-month. Of the 67 sold homes, 64% were sold under asking, 19% were sold at asking, and 16% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 34 Days | 30 Days | -9.9% |
Summary: Homes in Rome had an average of 30 days on market in Nov 2023, down by 9.9% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rome are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 70 homes were sold in Rome; 69% 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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