Is Cohutta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Cohutta was a Seller's Market.
Housing Prices in Cohutta, GA
How much do homes in Cohutta, GA cost?
Median Sold Price
$410,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cohutta was $410,000 in May 2024, up 80.2% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $35K | -77.4% |
2 Bedrooms | $175.5K | $210K | +19.7% |
3 Bedrooms | $206.2K | $330K | +60.0% |
4 Bedrooms | $399.9K | $485K | +21.3% |
5+ Bedrooms | $413.5K | $629K | +52.1% |
Summary: Cohutta housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 77.4%, 2 bedroom homes increased by 19.7%, 3 bedroom homes increased by 60%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes increased by 52.1%.
Median Sold Price Compared To Nearby Cities
Cohutta | $227.5K | $410K | +80.2% |
North Whitfield | $274.5K | $349.9K | +27.5% |
Housing Supply in Cohutta, GA
How many homes are available in Cohutta, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 39 | +34.5% |
Summary: The Cohutta real estate market had 39 homes for sale in May 2024, a 34.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 6 | +200.0% |
3 Bedrooms | 17 | 24 | +41.2% |
4 Bedrooms | 9 | 6 | -33.3% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Cohutta housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 41.2%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Cohutta in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Cohutta, GA
How long does it take to sell a home in Cohutta, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 53 Days | +341.7% |
Summary: Homes in Cohutta had an average of 53 days on market in May 2024, up by 341.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Cohutta; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.