Is Villa Rica, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Villa Rica has remained a Seller's Market.
Housing Prices in Villa Rica, GA
How much do homes in Villa Rica, GA cost?
Median Sold Price
$319,866
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Villa Rica was $319,866 in May 2024, up 1.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $165K | - | N/A |
2 Bedrooms | $173.4K | $210K | +21.1% |
3 Bedrooms | $286.7K | $293.4K | +2.3% |
4 Bedrooms | $340K | $354.4K | +4.3% |
5+ Bedrooms | $432K | $408K | -5.5% |
Summary: Villa Rica housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
Villa Rica | $315.2K | $319.8K | +1.5% |
Winston | $345K | $342.9K | -0.6% |
Housing Supply in Villa Rica, GA
How many homes are available in Villa Rica, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
347 | 390 | +12.4% |
Summary: The Villa Rica real estate market had 390 homes for sale in May 2024, a 12.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 20 | 18 | -10.0% |
3 Bedrooms | 129 | 142 | +10.1% |
4 Bedrooms | 130 | 147 | +13.1% |
5+ Bedrooms | 66 | 80 | +21.2% |
Summary: The Villa Rica housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 21.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
54 | 69 | +27.8% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Villa Rica in May 2024, up by 27.8% month-over-month. Of the 62 sold homes, 47% were sold under asking, 27% were sold at asking, and 26% were sold over asking.
Days on Market for Villa Rica, GA
How long does it take to sell a home in Villa Rica, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 32 Days | +15.0% |
Summary: Homes in Villa Rica had an average of 32 days on market in May 2024, up by 15% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 69 homes were sold in Villa Rica; 61% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.