Is Villa Rica, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Villa Rica was a Seller's Market.
Key Takeaway
Villa Rica 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 Villa Rica, GA
How much do homes in Villa Rica, GA cost?
Median Sold Price
$325,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Villa Rica have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Villa Rica was $325,000 in March 2024, up 3.2% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $180.5K | $210K | +16.3% |
| 3 Bedrooms | $285K | $294.9K | +3.5% |
| 4 Bedrooms | $339.9K | $359.9K | +5.9% |
| 5+ Bedrooms | $485K | $431K | -11.1% |
Summary: Villa Rica 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 16.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Villa Rica | $315K | $325K | +3.2% |
| Winston | $355K | $347.2K | -2.2% |
Housing Supply in Villa Rica, GA
How many homes are available in Villa Rica, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 247 | 301 | +21.9% |
Summary: The Villa Rica real estate market had 301 homes for sale in March 2024, a 21.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 13 | 20 | +53.8% |
| 3 Bedrooms | 96 | 109 | +13.5% |
| 4 Bedrooms | 96 | 115 | +19.8% |
| 5+ Bedrooms | 41 | 55 | +34.1% |
Summary: The Villa Rica housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 53.8%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 34.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 46 | +15.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Villa Rica, you could pay more than the asking price. 36.6% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in Villa Rica in March 2024, up by 15.0% month-over-month. Of the 41 sold homes, 34% were sold under asking, 29% were sold at asking, and 37% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 41 Days | -21.0% |
Summary: Homes in Villa Rica had an average of 41 days on market in Mar 2024, down by 21% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Villa Rica are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 46 homes were sold in Villa Rica; 59% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.