Is Sugar Valley-Resaca, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sugar Valley-Resaca is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Sugar Valley-Resaca was a Neutral Market.

Key Takeaway

Sugar Valley-Resaca is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$30,450(+12.7%)

Key Takeaway

Homes in Sugar Valley-Resaca have sold for 12.7% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $211.9K$214.7K
+1.3%
3 $216.4K$269K
+24.3%
4 $257.4K$297.5K
+15.6%
5+ $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
+13.8%
Sugar Valley-Resaca
+12.7%
Resaca
+11.8%
Calhoun
+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 2024May 2024CHANGE
2218-18.2%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 1210
-16.7%
4 64
-33.3%
5+ 12
+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 2024May 2024CHANGE
122-83.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sugar Valley-Resaca, you may be able to get a good deal. 100% of homes here sold below asking price last month.

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 2023May 2024CHANGE
8 Days57 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sugar Valley-Resaca are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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