Is Northeast Cobb, 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, Northeast Cobb has remained a Seller's Market.
Housing Prices in Northeast Cobb, GA
How much do homes in Northeast Cobb, GA cost?
Median Sold Price
$550,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northeast Cobb was $550,000 in April 2024, up 6.5% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $214K | $225K | +5.1% |
2 Bedrooms | $279.9K | $295K | +5.4% |
3 Bedrooms | $400K | $412.1K | +3.0% |
4 Bedrooms | $529.9K | $556.6K | +5.0% |
5+ Bedrooms | $793K | $855K | +7.8% |
Summary: Northeast Cobb housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 7.8%.
Median Sold Price Compared To Nearby Cities
Sandy Springs | $555.1K | $620.8K | +11.8% |
Roswell | $580K | $627.6K | +8.2% |
Northeast Cobb | $516.4K | $550K | +6.5% |
Marietta | $429.5K | $457.5K | +6.5% |
Woodstock | $423.9K | $449.9K | +6.1% |
Housing Supply in Northeast Cobb, GA
How many homes are available in Northeast Cobb, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
657 | 813 | +23.7% |
Summary: The Northeast Cobb real estate market had 813 homes for sale in April 2024, a 23.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 15 | +15.4% |
2 Bedrooms | 58 | 76 | +31.0% |
3 Bedrooms | 153 | 168 | +9.8% |
4 Bedrooms | 227 | 294 | +29.5% |
5+ Bedrooms | 206 | 260 | +26.2% |
Summary: The Northeast Cobb housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.4%, 2 bedroom homes increased by 31%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 29.5%, and 5+ bedroom homes increased by 26.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
194 | 203 | +4.6% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
92 Homes Were Sold
Over Asking
Summary: A total of 203 homes were sold or pending in Northeast Cobb in April 2024, up by 4.6% month-over-month. Of the 200 sold homes, 34% were sold under asking, 21% were sold at asking, and 46% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
20 Days | 19 Days | -2.4% |
Summary: Homes in Northeast Cobb had an average of 19 days on market in Apr 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
173 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 203 homes were sold in Northeast Cobb; 85% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.