Just 30 minutes north of Atlanta, East Cobb is an affluent suburb featuring gated communities, luxury properties, high-end homes, and upscale townhouses and condominiums. Abundant green space and tree-lined streets fill peaceful neighborhoods, making it an ideal location for those looking for a slower-paced lifestyle. Outdoor enthusiasts can take advantage of numerous parks, a network of hiking and biking trails, and water-based recreation at nearby Lake Allatoona.
East Cobb is also known for its top-rated school system, diverse culinary scene, numerous shopping and dining destinations, local businesses, and close-knit community spirit. Its proximity to Marietta and Atlanta means commuters have quick drive times while living away from the hustle and bustle of the city. The quiet environment has been a big draw, and the housing market here remains strong. Read our East Cobb real estate market prices, trends, and forecast for 2023.
Cobb County real estate prices are rising
Numerous interest hikes caused some volatility in the real estate market last year. However, the market is stabilizing, and home prices in Cobb County are rising. A Zero Down report shows the median sale price of a single-family home went from $399,910 in January to $444.630 in April of this year. That’s an 11% increase in just four months. With the busy moving season around the corner, this trend is expected to continue. In East Cobb, where average home prices tend to be higher, East Cobb News expects the appreciation rate to be 8% to 9% annually.
Home listings are selling quicker
East Cobb is known for its well-maintained upscale housing. Properties in the area feature modern fixtures, luxury amenities, spacious layouts, and desirable architecture. This attracts potential homebuyers who want a readily available home to move into. The same Zero Down report shows that single-family homes remained on the market for an average of 29 days in January of this year. In April, homes sold faster, spending an average of 13 days on the market.
Cobb County job and population growth
Cobb County’s population has been steadily growing. Population Review shows the population of Cobby County was 711,500 in 2013 and 789,600 in 2023. That’s a growth rate of about 1% every year. With a strong economy and promising job growth, the Atlanta metropolitan area is growing even faster.
According to Best Places, Atlanta’s job market has increased by 2.9% since last year. Over the next 10 years, job growth is predicted to be 46.8%, well above the predicted national average of 33.5%. With East Cobb’s proximity, newcomers are flocking to the suburbs, away from congested city centers.
The seller’s market trend continues
There’s still strong buyer demand for homes in East Cobb, Cobb County, and the entire metropolitan Atlanta area. New construction and available inventory has not kept up with the demand. This means East Cobb remains a seller’s market, which is when demand exceeds supply in real estate. Well-priced homes in good condition usually receive multiple offers, especially because there are so few on the market. Buyers put in offers above the asking price or remove their contingencies to stay competitive.
Why you should invest in East Cobb real estate
The National Association of Realtors (NAR) list of top 10 housing markets to lead the industry in 2023 shows the Atlanta-Sandy Springs-Marietta area, which includes East Cobb. This is attributed to its affluent neighborhoods, strong economy, consistent job growth, and migration gains. Atlanta, nicknamed “New York of the South,” rose to the top and is expected to remain a booming region for home sales in 2023, even as the housing market slows down in other regions.
Named Georgia’s best place to live by Money Magazine, East Cobb took the top spot over the 823 municipalities. It took home values and compared median property values with median household incomes. It also looked at communities with thriving economies, lower taxes, good public schools, and adequate access to health care. East Cobb scored well on all the metrics and showed a high level in terms of quality of life and affordability.
East Cobb’s best neighborhood
In the heart of East Cobb, Indian Hills is a master-planned golf community where you can find large, custom-built estates with upscale amenities. Its centerpiece is the exclusive Indian Hills Country Club, a private club featuring 27 holes of golf and extensive practice facilities. Members can also access the onsite clubhouse, event venues, eight tennis courts, and three swimming pools.
Located off Paper Mill Road, Atlanta Country Club is another prestigious community with 260 acres of scenic landscape. Members of the club can enjoy the fitness center, clubhouse, swimming pool, and state-of-the-art tennis center. A local mainstay for over 50 years, Atlanta Country Club features an 18-hole championship course that is consistently listed on Golf Digest’s Best 100 Courses. They host PGA and USGA events, including the Atlanta Classic.
Old Paper Mill is an upscale community featuring elegant homes, luxurious amenities, tree-lined streets, and picturesque scenery. There’s a clubhouse, a swimming pool, and tennis courts for residents. Old Paper Mill offers convenient access to amenities, nature trails, and plenty of green space, including the Chattahoochee River National Recreation Area and Sope Creek trails.
Explore and invest in East Cobb real estate
Housing demand, ideal location, strong economy, and an affluent lifestyle continue to attract newcomers. With the East Cobb real estate market expected to remain strong, now is the best time to explore your investment options. Marlene Green has extensive experience in high-end properties. Her 12-year background in commercial real estate has honed her negotiating and marketing skills. As one of the Atlanta Realtors Association’s top producers, she aims to help her clients make the best investment possible when buying a new home in East Cobb and net the most money possible when selling their home. If you’re ready to begin your real estate journey, reach out to her today.