Is The Village / Rio / Armstrong, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, The Village / Rio / Armstrong has remained a Seller's Market.
Key Takeaway
The Village / Rio / Armstrong is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in The Village / Rio / Armstrong, GA
How much do homes in The Village / Rio / Armstrong, GA cost?
Median Sold Price
$211,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in The Village / Rio / Armstrong have sold for 18.2% more than they did a year ago.
Summary: The median home sold price in The Village / Rio / Armstrong was $211,000 in April 2024, up 18.2% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $145K | +3.6% |
| 2 Bedrooms | $179.9K | $205K | +14.0% |
| 3 Bedrooms | $294.5K | $315K | +7.0% |
| 4 Bedrooms | $382.4K | $550K | +43.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: The Village / Rio / Armstrong housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 43.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| The Village / Rio / Armstrong | $178.5K | $211K | +18.2% |
| Wilshire Estates / Savannah Mall / Tranquilla Woods | $215K | $235K | +9.3% |
| Windsor Forest | $288K | $310.5K | +7.8% |
Housing Supply in The Village / Rio / Armstrong, GA
How many homes are available in The Village / Rio / Armstrong, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The The Village / Rio / Armstrong real estate market had 20 homes for sale in April 2024, a 4.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Village / Rio / Armstrong housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Village / Rio / Armstrong, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in The Village / Rio / Armstrong in April 2024, down by 42.9% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for The Village / Rio / Armstrong, GA
We’re sorry, we don't have information for this market at the moment
