Is Rome, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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
$242,062
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rome have sold for 21% more than they did a year ago.
Summary: The median home sold price in Rome was $242,062 in April 2024, up 21% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $195K | $77.2K | -60.4% |
| 2 Bedrooms | $130K | $155K | +19.2% |
| 3 Bedrooms | $196K | $234.9K | +19.9% |
| 4 Bedrooms | $320K | $340K | +6.3% |
| 5+ Bedrooms | $399.9K | $520K | +30.0% |
Summary: Rome housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60.4%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 30%.
Median Sold Price Compared To Nearby Cities
| Rome | $200K | $242K | +21.0% |
| Lindale | $169.9K | $200K | +17.7% |
| Armuchee | $278K | $282.5K | +1.6% |
Housing Supply in Rome, GA
How many homes are available in Rome, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 401 | 412 | +2.7% |
Summary: The Rome real estate market had 412 homes for sale in April 2024, a 2.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 66 | 68 | +3.0% |
| 3 Bedrooms | 207 | 204 | -1.4% |
| 4 Bedrooms | 89 | 102 | +14.6% |
| 5+ Bedrooms | 39 | 38 | -2.6% |
Summary: The Rome housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes decreased by 2.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 123 | 84 | -31.7% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rome, you may be able to get a good deal. 59.5% of homes here sold below asking price last month.
Summary: A total of 84 homes were sold or pending in Rome in April 2024, down by 31.7% month-over-month. Of the 79 sold homes, 59% were sold under asking, 20% were sold at asking, and 20% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 28 Days | -24.9% |
Summary: Homes in Rome had an average of 28 days on market in Apr 2024, down by 24.9% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
4 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 April 2024, 84 homes were sold in Rome; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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