Single-Family Homes
Mon Mar 01 2021
This week the median list price for Roswell, GA is $784,000 with the market action index hovering around 58. This is an increase over last month's market action index of 54. Inventory has held steady at or around 86.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Median List Price | $784,000 | |
Per Square Foot | $195 | |
Days on Market | 14 | |
Price Decreased | 21% | |
Price Increased | 9% | |
Relisted | 17% | |
Inventory | 86 | |
Median Rent | $2,300 | |
Most Expensive | $3,485,000 | |
Least Expensive | $194,000 | |
Market Action | 58 | |
Strong Seller's Market |
While this week the median didn’t fluctuate much, we are relatively close to the market’s price high-point. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,399,000 | 6,110 | 1 - 2.5 acres | 5 | 5 | 15 | 2 | 1 | 105 |
$925,000 | 4,093 | 0.25 - 0.5 acre | 5 | 4 | 1 | 2 | 2 | 119 |
$554,500 | 3,803 | 0.25 - 0.5 acre | 5 | 3 | 29 | 11 | 12 | 3 |
$364,950 | 2,163 | 0.25 - 0.5 acre | 3 | 2 | 42 | 14 | 16 | 0 |