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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rockmart is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Rockmart was a Seller's Market.

Key Takeaway

Rockmart is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Rockmart, GA

How much do homes in Rockmart, GA cost?

Median Sold Price

$270,000

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,000(+4.2%)

Key Takeaway

Homes in Rockmart have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Rockmart was $270,000 in October 2024, up 4.2% from last year, and the median price per square foot was $172.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $93K$105K
+12.9%
2 $170K$175.4K
+3.2%
3 $255K$270K
+5.9%
4 $293.9K$345K
+17.4%
5+ $335K$391.5K
+16.9%

Summary: Rockmart housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 16.9%.

Housing Supply in Rockmart, GA

How many homes are available in Rockmart, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
142151+6.3%

Summary: The Rockmart real estate market had 151 homes for sale in October 2024, a 6.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 02
+100.0%
2 1715
-11.8%
3 8083
+3.8%
4 3941
+5.1%
5+ 610
+66.7%

Summary: The Rockmart housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2321-8.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rockmart, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Rockmart in October 2024, down by 8.7% month-over-month. Of the 17 sold homes, 53% were sold under asking, 24% were sold at asking, and 24% were sold over asking.

Days on Market for Rockmart, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days39 Days-17.6%

Summary: Homes in Rockmart had an average of 39 days on market in Oct 2024, down by 17.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rockmart has remained consistent over time.

Summary: During October 2024, 21 homes were sold in Rockmart; 38% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 5% 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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