Is Villa Rica, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Villa Rica has remained a Seller's Market.
Key Takeaway
Villa Rica is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Villa Rica, GA cost?
Median Sold Price
$324,940
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Villa Rica have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Villa Rica was $324,940 in August 2023, up 6.4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $165K | N/A |
| 2 Bedrooms | $160.2K | $189K | +17.9% |
| 3 Bedrooms | $266.1K | $290K | +9.0% |
| 4 Bedrooms | $325K | $360K | +10.8% |
| 5+ Bedrooms | $400K | $435K | +8.8% |
Summary: Villa Rica housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 10.8%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Villa Rica | $305.3K | $324.9K | +6.4% |
| Winston | $363K | $351.3K | -3.2% |
Housing Supply
How many homes are available in Villa Rica, GA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 276 | 286 | +3.6% |
Summary: The Villa Rica real estate market had 286 homes for sale in August 2023, a 3.6% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 104 | 100 | -3.8% |
| 4 Bedrooms | 111 | 118 | +6.3% |
| 5+ Bedrooms | 51 | 59 | +15.7% |
Summary: The Villa Rica housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 15.7%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 68 | 55 | -19.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Villa Rica, you may be able to get a good deal. 42.2% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Villa Rica in August 2023, down by 19.1% month-over-month. Of the 45 sold homes, 42% were sold under asking, 38% were sold at asking, and 20% were sold over asking.
Days on Market
How long does it take to sell a home in Villa Rica, GA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 16 Days | 54 Days | +230.8% |
Summary: Homes in Villa Rica had an average of 54 days on market in Aug 2023, up by 230.8% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
7 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 August 2023, 55 homes were sold in Villa Rica; 55% of homes were sold within 30 days, 33% 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.