Homes in Cobb County sold for a median price of $290,000 in the last year, but there are always some ZIP codes that command the highest prices, according to the AJC 2020 Metro Atlanta Home Sales Report.
The home sales report found that 13,476 new and existing homes sold from May 1, 2019, to April 30, 2020, in Cobb County, according to data provided by Smart Real Estate Data of Marietta. The median price of a home there increased 5.5 percent from the same 12-month period a year earlier.
Steep changes in year-over-year data may reflect the impact of the coronavirus pandemic on the number of homes listed and sold beginning in March 2020. Sales numbers taken from earlier this year show median home prices for Cobb County rose by 4.4 percent for the 12 months ending February 29, 2020 when compared to the same 12-month period a year earlier.
The median price of homes sold in an area is considered a better reflection of what consumers will find in the marketplace. Median price indicates that half the homes were priced above and half below the midpoint. An average number can be distorted by a few wildly expensive or very inexpensive home sales.
According to the AJC 2020 Metro Atlanta Home Sales Report, these are the five most expensive ZIP codes in Cobb County based on median sales price:
1. 30075 ZIP code - $443,500
In the 12 months ending April 30, 2020, 228 homes sold in 30075, which includes parts of the following areas: Alpharetta, Roswell, Milton and Mountain Park.
The median sales price of $443,500 is an increase of 5.5 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $135.
2. 30068 ZIP code - $422,500
In the 12 months ending April 30, 2020, 555 homes sold in 30068, which includes parts of the following area: Marietta.
The median sales price of $422,500 is an increase of 3 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $144.
3. 30339 ZIP code - $348,000
In the 12 months ending April 30, 2020, 549 homes sold in 30339, which includes parts of the following areas: Smyrna, Vinings, Marietta, Atlanta and Sandy Springs.
The median sales price of $348,000 is an increase of 8.8 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $158.
4. 30062 ZIP code - $345,000
In the 12 months ending April 30, 2020, 1,074 homes sold in 30062, which includes parts of the following area: Marietta.
The median sales price of $345,000 is an increase of 1.5 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $137.
5. 30080 ZIP code - $340,000
In the 12 months ending April 30, 2020, 1,078 homes sold in 30080, which includes parts of the following areas: Fair Oaks, Smyrna, Vinings and Marietta.
The median sales price of $340,000 is a decrease of 1.4 percent from the previous year.
Of all homes sold in this ZIP code for the year, the median price per square foot was $151.
Around the six-county metro Atlanta area, including DeKalb, Cobb, Fulton, Gwinnett, Forsyth and Clayton, 13,476 homes were sold in the year ending April 2020 an 0.8 percent decrease from the previous year.
Since 1996, Smart Real Estate Data has been a widely regarded source for residential real estate data in the Southeast. The business provides data to builders, developers, appraisers and bankers. It now covers markets in Georgia, Florida and the Carolinas.
This article was generated automatically by AJC Bot, a computer software application that analyzed structured information, such as data, and applied it to text articles based on templates that were created by AJC writers and editors. An AJC editor reviewed the work before publishing. You can report errors or bugs to homesalesreport@coxinc.com. For more: How the AJC Bot was used for articles in the AJC 2020 Metro Atlanta Home Sales Report.
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