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 buyer's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

Sugar Valley-Resaca is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sugar Valley-Resaca, GA

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

Median Sold Price

$269,900

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$31,200(+13.1%)

Key Takeaway

Homes in Sugar Valley-Resaca have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in Sugar Valley-Resaca was $269,900 in June 2024, up 13.1% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $231.6K$196K
-15.4%
3 $220K$257K
+16.8%
4 $255K$285K
+11.8%
5+ $292.5K$650K
+122.2%

Summary: Sugar Valley-Resaca housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 122.2%.

Median Sold Price Compared To Nearby Cities

Resaca
+16.4%
Sugar Valley-Resaca
+13.1%
Calhoun
+1.5%

Housing Supply in Sugar Valley-Resaca, GA

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

Number of Homes For Sale

May 2024Jun 2024CHANGE
2024+20.0%

Summary: The Sugar Valley-Resaca real estate market had 24 homes for sale in June 2024, a 20.0% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 26
+200.0%
3 1110
-9.1%
4 56
+20.0%
5+ 22
0.0%

Summary: The Sugar Valley-Resaca housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

May 2024Jun 2024CHANGE
330.0%

Asking Price vs. Sold Price

1 Home Was 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, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Sugar Valley-Resaca in June 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% 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

Jun 2023Jun 2024CHANGE
16 Days6 Days-60.4%

Summary: Homes in Sugar Valley-Resaca had an average of 6 days on market in Jun 2024, down by 60.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 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 June 2024, 3 homes were sold in Sugar Valley-Resaca; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 26 Days Ago

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