Purpose Driven Real Estate Group Localized Market Report

Acworth, GA

Single-Family Homes

Contact: Amy Pedersen, Team Lead I Amy@PDRealEstateGroup.com I 404-932-8668


Acworth, GA

Fri Oct 18 2024
This week the median list price for Acworth, GA is $499,900 with the market action index hovering around 33. This is less than last month's market action index of 37. Inventory has increased to 313. Click here to stay informed with the Acworth market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Acworth, GA

Fri Oct 18 2024
This week the median list price for Acworth, GA is $499,900 with the market action index hovering around 33. This is less than last month's market action index of 37. Inventory has increased to 313. Click here to stay informed with the Acworth market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Acworth market.
Median List Price $499,900
Median Price of New Listings $477,950
Per Square Foot $190
Average Days on Market 92
Median Days on Market 49
Price Decreased 50%
Price Increased 6%
Relisted 34%
Inventory 313
Median Rent
Market Action 33
Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,033,436 4,409 0.5 - 1 acre 5 4.5 6 9 8 84
$550,000 3,112 0.25 - 0.5 acre 5 3.5 13 9 3 66
$439,999 2,412 0.25 - 0.5 acre 4 2.5 21 10 13 38
$365,990 1,753 8,000 - 10,000 sqft 3 2 31 12 13 28