Is Acworth-Kennesaw, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Acworth-Kennesaw is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Acworth-Kennesaw has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Acworth-Kennesaw, GA

How much do homes in Acworth-Kennesaw, GA cost?

Median Sold Price

$431,638

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$1,835(+0.4%)

Key Takeaway

The sold price of homes in Acworth-Kennesaw has remained the same since last year.

Summary: The median home sold price in Acworth-Kennesaw was $431,638 in October 2024, up 0.4% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $150K$140K
-6.7%
2 $285.5K$300K
+5.1%
3 $358.5K$370K
+3.2%
4 $452.6K$469.5K
+3.7%
5+ $649.8K$663K
+2.0%

Summary: Acworth-Kennesaw housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.7%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 2%.

Median Sold Price Compared To Nearby Cities

Marietta
+5.4%
Acworth
+3.7%
North Paulding
+2.6%
Acworth-Kennesaw
0.4%
Kennesaw
0%

Housing Supply in Acworth-Kennesaw, GA

How many homes are available in Acworth-Kennesaw, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,0751,161+8.0%

Summary: The Acworth-Kennesaw real estate market had 1,161 homes for sale in October 2024, a 8.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 7266
-8.3%
3 379419
+10.6%
4 337357
+5.9%
5+ 287319
+11.1%

Summary: The Acworth-Kennesaw housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 10.6%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
253223-11.9%

Asking Price vs. Sold Price

121 Homes Were Sold
Under Asking

56 Homes Were Sold
At Asking

31 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Acworth-Kennesaw, you may be able to get a good deal. 58.2% of homes here sold below asking price last month.

Summary: A total of 223 homes were sold or pending in Acworth-Kennesaw in October 2024, down by 11.9% month-over-month. Of the 208 sold homes, 58% were sold under asking, 27% were sold at asking, and 15% were sold over asking.

Days on Market for Acworth-Kennesaw, GA

How long does it take to sell a home in Acworth-Kennesaw, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days38 Days+38.1%

Summary: Homes in Acworth-Kennesaw had an average of 38 days on market in Oct 2024, up by 38.1% compared to last year.

Breakdown of Home Sale Times

128 Homes Were Sold
Under 30 Days

70 Homes Were Sold
In 30 - 90 Days

25 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Acworth-Kennesaw are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 223 homes were sold in Acworth-Kennesaw; 57% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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