Is Cohutta, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cohutta is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Cohutta was a Neutral Market.

Key Takeaway

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

Housing Prices in Cohutta, GA

How much do homes in Cohutta, GA cost?

Median Sold Price

$398,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$30,500(+8.3%)

Key Takeaway

Homes in Cohutta have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Cohutta was $398,000 in October 2024, up 8.3% from last year, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155K$35K
-77.4%
2 $314.9K$122K
-61.3%
3 $250K$330K
+32.0%
4 $435K$522K
+20.0%
5+ $629K$532K
-15.4%

Summary: Cohutta housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 77.4%, 2 bedroom homes decreased by 61.3%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 15.4%.

Median Sold Price Compared To Nearby Cities

North Whitfield
+9.1%
Cohutta
+8.3%

Housing Supply in Cohutta, GA

How many homes are available in Cohutta, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4232-23.8%

Summary: The Cohutta real estate market had 32 homes for sale in October 2024, a 23.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 51
-80.0%
3 2114
-33.3%
4 1313
0.0%
5+ 34
+33.3%

Summary: The Cohutta 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 80%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
166-62.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cohutta, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Cohutta in October 2024, down by 62.5% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% 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

Oct 2023Oct 2024CHANGE
16 Days80 Days+402.1%

Summary: Homes in Cohutta had an average of 80 days on market in Oct 2024, up by 402.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cohutta are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 6 homes were sold in Cohutta; 17% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 Cohutta, GA

Nearby Markets to Cohutta, GA

What housing markets are near Cohutta, GA?