Is Villa Rica, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Villa Rica was a Seller's Market.
Housing Prices in Villa Rica, GA
How much do homes in Villa Rica, GA cost?
Median Sold Price
$320,000
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Villa Rica was $320,000 in April 2024, up 1.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $165K | N/A |
2 Bedrooms | $172K | $210K | +22.1% |
3 Bedrooms | $285K | $292.9K | +2.8% |
4 Bedrooms | $340K | $355K | +4.4% |
5+ Bedrooms | $479.2K | $415K | -13.4% |
Summary: Villa Rica housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 13.4%.
Median Sold Price Compared To Nearby Cities
Villa Rica | $315K | $320K | +1.6% |
Winston | $350K | $345.6K | -1.2% |
Housing Supply in Villa Rica, GA
How many homes are available in Villa Rica, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
284 | 358 | +26.1% |
Summary: The Villa Rica real estate market had 358 homes for sale in April 2024, a 26.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 21 | 23 | +9.5% |
3 Bedrooms | 102 | 128 | +25.5% |
4 Bedrooms | 109 | 138 | +26.6% |
5+ Bedrooms | 51 | 67 | +31.4% |
Summary: The Villa Rica housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 25.5%, 4 bedroom homes increased by 26.6%, and 5+ bedroom homes increased by 31.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 55 | +19.6% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Villa Rica in April 2024, up by 19.6% month-over-month. Of the 48 sold homes, 35% were sold under asking, 33% were sold at asking, and 31% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
51 Days | 39 Days | -23.1% |
Summary: Homes in Villa Rica had an average of 39 days on market in Apr 2024, down by 23.1% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 55 homes were sold in Villa Rica; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.