Is Villa Rica, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
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 in Villa Rica, GA
How much do homes in Villa Rica, GA cost?
Median Sold Price
$319,866
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Villa Rica have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in Villa Rica was $319,866 in May 2024, up 1.5% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $165K | - | N/A |
| 2 Bedrooms | $173.4K | $210K | +21.1% |
| 3 Bedrooms | $286.7K | $293.4K | +2.3% |
| 4 Bedrooms | $340K | $354.4K | +4.3% |
| 5+ Bedrooms | $432K | $408K | -5.5% |
Summary: Villa Rica 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 21.1%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Villa Rica | $315.2K | $319.8K | +1.5% |
| Winston | $345K | $342.9K | -0.6% |
Housing Supply in Villa Rica, GA
How many homes are available in Villa Rica, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 347 | 390 | +12.4% |
Summary: The Villa Rica real estate market had 390 homes for sale in May 2024, a 12.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 20 | 18 | -10.0% |
| 3 Bedrooms | 129 | 142 | +10.1% |
| 4 Bedrooms | 130 | 147 | +13.1% |
| 5+ Bedrooms | 66 | 80 | +21.2% |
Summary: The Villa Rica housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 21.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 54 | 69 | +27.8% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
16 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. 46.8% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Villa Rica in May 2024, up by 27.8% month-over-month. Of the 62 sold homes, 47% were sold under asking, 27% were sold at asking, and 26% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 32 Days | +15.0% |
Summary: Homes in Villa Rica had an average of 32 days on market in May 2024, up by 15% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
5 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 May 2024, 69 homes were sold in Villa Rica; 61% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 7% 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.