Is Cobb County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cobb County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Cobb County has remained a Seller's Market.

Key Takeaway

Cobb County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cobb County, GA

How much do homes in Cobb County, GA cost?

Median Sold Price

$430,552

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,563(+3.8%)

Key Takeaway

Homes in Cobb County have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Cobb County was $430,552 in October 2024, up 3.8% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $210K$205K
-2.4%
2 $272.5K$280K
+2.7%
3 $355.2K$375K
+5.6%
4 $469.7K$494.9K
+5.4%
5+ $675.8K$727.5K
+7.7%

Summary: Cobb County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Counties

Fulton County
+8.5%
Cherokee County
+7.7%
Douglas County
+4.4%
Cobb County
+3.8%
Paulding County
+3.0%

Housing Supply in Cobb County, GA

How many homes are available in Cobb County, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3,9104,351+11.3%

Summary: The Cobb County real estate market had 4,351 homes for sale in October 2024, a 11.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 4045
+12.5%
2 407465
+14.3%
3 1,5151,653
+9.1%
4 1,1721,306
+11.4%
5+ 776882
+13.7%

Summary: The Cobb County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 13.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
844824-2.4%

Asking Price vs. Sold Price

457 Homes Were Sold
Under Asking

202 Homes Were Sold
At Asking

126 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 824 homes were sold or pending in Cobb County in October 2024, down by 2.4% month-over-month. Of the 785 sold homes, 58% were sold under asking, 26% were sold at asking, and 16% were sold over asking.

Days on Market for Cobb County, GA

How long does it take to sell a home in Cobb County, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days40 Days+54.2%

Summary: Homes in Cobb County had an average of 40 days on market in Oct 2024, up by 54.2% compared to last year.

Breakdown of Home Sale Times

431 Homes Were Sold
Under 30 Days

299 Homes Were Sold
In 30 - 90 Days

94 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cobb County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 824 homes were sold in Cobb County; 52% of homes were sold within 30 days, 36% 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

Newest Listings in Cobb County, GA

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What housing markets are near Cobb County, GA?