Is Sugar Valley-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, Sugar Valley-Resaca was a Neutral Market.
Housing Prices in Sugar Valley-Resaca, GA
How much do homes in Sugar Valley-Resaca, GA cost?
Median Sold Price
$269,450
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sugar Valley-Resaca was $269,450 in May 2024, up 12.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $211.9K | $214.7K | +1.3% |
3 Bedrooms | $216.4K | $269K | +24.3% |
4 Bedrooms | $257.4K | $297.5K | +15.6% |
5+ Bedrooms | $292.5K | $650K | +122.2% |
Summary: Sugar Valley-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 increased by 1.3%, 3 bedroom homes increased by 24.3%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 122.2%.
Median Sold Price Compared To Nearby Cities
Villanow | $197.7K | $225K | +13.8% |
Sugar Valley-Resaca | $239K | $269.4K | +12.7% |
Resaca | $221.5K | $247.7K | +11.8% |
Calhoun | $262.3K | $270K | +2.9% |
Housing Supply in Sugar Valley-Resaca, GA
How many homes are available in Sugar Valley-Resaca, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 18 | -18.2% |
Summary: The Sugar Valley-Resaca real estate market had 18 homes for sale in May 2024, a 18.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 12 | 10 | -16.7% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Sugar Valley-Resaca housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 2 | -83.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Sugar Valley-Resaca in May 2024, down by 83.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Sugar Valley-Resaca, GA
How long does it take to sell a home in Sugar Valley-Resaca, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 57 Days | +570.6% |
Summary: Homes in Sugar Valley-Resaca had an average of 57 days on market in May 2024, up by 570.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Sugar Valley-Resaca; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.