Is Resaca, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Resaca was a Seller's Market.
Housing Prices in Resaca, GA
How much do homes in Resaca, GA cost?
Median Sold Price
$247,700
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Resaca was $247,700 in May 2024, up 11.8% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $150K | N/A |
2 Bedrooms | $236K | $195.2K | -17.3% |
3 Bedrooms | $182.4K | $247.7K | +35.8% |
4 Bedrooms | $241K | $319.9K | +32.8% |
5+ Bedrooms | $345.7K | $727.5K | +110.4% |
Summary: Resaca housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.3%, 3 bedroom homes increased by 35.8%, 4 bedroom homes increased by 32.8%, and 5+ bedroom homes increased by 110.4%.
Median Sold Price Compared To Nearby Cities
Sugar Valley-Resaca | $239K | $269.4K | +12.7% |
Resaca | $221.5K | $247.7K | +11.8% |
Calhoun | $262.3K | $270K | +2.9% |
Housing Supply in Resaca, GA
How many homes are available in Resaca, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 22 | +15.8% |
Summary: The Resaca real estate market had 22 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 4 | 4 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Resaca housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Resaca in May 2024, up by 50.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Resaca, GA
How long does it take to sell a home in Resaca, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 29 Days | +98.3% |
Summary: Homes in Resaca had an average of 29 days on market in May 2024, up by 98.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Resaca; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.