Is Sugar Valley-Resaca, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sugar Valley-Resaca is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Sugar Valley-Resaca was a Seller's Market.

Key Takeaway

Sugar Valley-Resaca is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Sugar Valley-Resaca, GA

How much do homes in Sugar Valley-Resaca, GA cost?

Median Sold Price

$269,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$20,000(+8.0%)

Key Takeaway

Homes in Sugar Valley-Resaca have sold for 8% more than they did a year ago.

Summary: The median home sold price in Sugar Valley-Resaca was $269,000 in March 2024, up 8% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $182.5K$238.4K
+30.6%
3 $221.2K$245K
+10.7%
4 $272K$277.4K
+2.0%
5+ $398K$650K
+63.3%

Summary: Sugar Valley-Resaca housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.6%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 63.3%.

Median Sold Price Compared To Nearby Cities

Resaca
+11.8%
Sugar Valley-Resaca
+8.0%
Calhoun
0.2%

Housing Supply in Sugar Valley-Resaca, GA

How many homes are available in Sugar Valley-Resaca, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
2125+19.0%

Summary: The Sugar Valley-Resaca real estate market had 25 homes for sale in March 2024, a 19.0% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 47
+75.0%
3 1011
+10.0%
4 33
0.0%
5+ 33
0.0%

Summary: The Sugar Valley-Resaca housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sugar Valley-Resaca, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Sugar Valley-Resaca in March 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Sugar Valley-Resaca, GA

How long does it take to sell a home in Sugar Valley-Resaca, GA?

Average Sale Time

Mar 2023Mar 2024CHANGE
17 Days96 Days+440.4%

Summary: Homes in Sugar Valley-Resaca had an average of 96 days on market in Mar 2024, up by 440.4% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sugar Valley-Resaca are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 4 homes were sold in Sugar Valley-Resaca; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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