East Cobb Real Estate Market: Impressive Growth, High Values, and Low Inventory in April 2023

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


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.

About the Author

Prior to selling real estate, Brenda worked in the mortgage industry for over twenty years. She worked for companies such as Freddie Mac and HomeBanc in numerous capacities from underwriter to executive management. Her thorough knowledge of the mortgage industry is an asset in these times of stricter loan qualifications. Brenda's commitment to continual education keeps her on the cutting edge of current market conditions and trends.

Her professional confidence and easy going style comforts clients through this sometimes stressful situation. Brenda is committed to negotiating the absolute best deal for her sellers.