East Cobb Real Estate Market Overview
The real estate market in East Cobb is thriving, characterized by strong demand, limited supply, and rapidly increasing prices. As of April 2023:
- Median home value: $535K, up 23% YoY
- Median rent price: $2,200, up 7.3% YoY
- Average DOM: 15 days, down 12 days YoY
- Sale-to-list price ratio: 101.5%, up 1.4% YoY (homes are selling for more than their list price on average)
- Inventory of homes for sale: 1 month, down 1 month YoY (a balanced market has an inventory of 6 months)
East Cobb Real Estate Market Statistics
Compared to national and state averages, the East Cobb real estate market demonstrates impressive performance across several key metrics:
| Statistic | East Cobb | National | State |
| Median Home Value | $535K | $325,000 | $340,000 |
| Median Home Value YoY Change | +23% | +7.1% | +6.4% |
| Median Rent Price | $2,200 | $2,050 | $1,600 |
| Median Rent Price YoY Change | +7.3% | +7.6% | +10% |
| Average DOM | 15 | 14 | 16 |
| Average DOM YoY Change | -12 days | -10 days | -11 days |
| Sale-to-List Price Ratio | 101.5% | 100.8% | 100.6% |
| Sale-to-List Price Ratio YoY Change | +1.4% | +0.5% | +0.5% |
| Inventory of Homes for Sale | 1 month | 1.6 months | 1.8 months |
| Inventory of Homes for Sale YoY Change | -1 month | -0.8 months | -0.2 months |
East Cobb Real Estate Market Trends
The East Cobb real estate market has experienced significant growth since 2016:
- Median Home Value: Rapid growth, peaking at $535K in April 2023
- Median Rent Price: Steady increase, reaching $2,200 in April 2023
- Average DOM: Sharp decline since 2018, with a low of 15 days in April 2023
- Sale-to-List Price Ratio: Above 100% since 2019, peaking at 101.5% in April 2023
Conclusion
East Cobb’s real estate market is an attractive and desirable option for both buyers and sellers, offering high home values, elevated rent prices, quick sales, and low inventory. The market shows no signs of slowing down in the near future. Buyers and renters should be prepared to act swiftly and offer competitively, while sellers can expect multiple offers and selling prices above their list price.
