Kennesaw Real Estate Market Update: August 2023

Dated: October 6 2023

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Kennesaw Real Estate Market Update: August 2023

Greetings, real estate enthusiasts of Kennesaw in Cobb County, zip code 30144! August has rolled out some compelling data that could influence your next property move. Let's take a closer look at the latest market trends in both detached and attached residential sectors.

 

Residential Detached Homes

      New Listings: We saw a decrease of 23.2%, going from 56 listings in August 2022 to 43 in August 2023.

      Pending Sales: There was a decline of 19.1% from 47 in 2022 to 38 in 2023.

      Median Sales Price: Property prices are rising! We observed an 8.5% increase, moving from $382,500 in 2022 to $415,000 in 2023.

      Average Sales Price: Following the trend, the average price surged by 10.6%, resulting in a value of $434,424 in 2023.

Explore detached home listings in Kennesaw.

 

Residential Attached Homes

      New Listings: A slight drop of 4.5% was noted, shifting from 22 in August 2022 to 21 in 2023.

      Pending Sales: Contrary to detached homes, there was an increase of 8.3% in pending sales for attached homes.

      Median Sales Price: There was a significant rise of 14.3% in the median sales price, leaping from $330,000 to $377,090 within a year.

      Average Sales Price: An increment of 8.1% brought the average sales price to $360,857 in August 2023.

Discover the perfect attached homes in Kennesaw.

 

Notable Trends:

      Days on Market: Both categories witnessed a rise in the number of days a property stays on the market. Especially noteworthy is the attached homes category, which saw a staggering increase of 94.1%.

      Inventory: The inventory for detached homes dropped by 29.8%, suggesting a high demand in this category.

 

Year-to-Date Overview:

Both categories, detached and attached homes, experienced a general rise in prices, with attached homes listings showing significant growth.

 

Insights:

Kennesaw's real estate landscape is undergoing a transformation. While the demand for detached homes remains high, there's growing interest in attached homes, reflected in the increasing prices and pending sales.

For those unfamiliar, Kennesaw is not just about homes. The city boasts rich history with landmarks like the Kennesaw Mountain National Battlefield Park, a hub for nature and history enthusiasts.

Final Thoughts:

If you're contemplating buying or selling in Kennesaw, now's the time to make a move. The dynamics of the market indicate promising prospects, especially if you're eyeing attached properties.

 

Seeking expert guidance? Reach out to us to navigate Kennesaw's bustling market with ease.

 

 

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Lee Fuller

Having spent my entire life in the vibrant and dynamic city of metro Atlanta, I have developed a deep and abiding love for the people and communities that make this place so special. Nothing brings me....

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