Is Rabun County, 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, Rabun County was a Seller's Market.
Housing Prices in Rabun County, GA
How much do homes in Rabun County, GA cost?
Median Sold Price
$401,666
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rabun County was $401,666 in May 2024, up 4.3% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237.5K | $179K | -24.6% |
2 Bedrooms | $291K | $305K | +4.8% |
3 Bedrooms | $395K | $400K | +1.3% |
4 Bedrooms | $480.4K | $557.5K | +16.0% |
5+ Bedrooms | $875K | $1.3M | +53.1% |
Summary: Rabun County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.6%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 53.1%.
Median Sold Price Compared To Nearby Counties
Macon County | $335.2K | $425K | +26.8% |
Oconee County | $337.4K | $365.1K | +8.2% |
Habersham County | $297.6K | $320.3K | +7.6% |
Towns County | $369.6K | $389.7K | +5.4% |
Rabun County | $385K | $401.6K | +4.3% |
Housing Supply in Rabun County, GA
How many homes are available in Rabun County, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
187 | 217 | +16.0% |
Summary: The Rabun County real estate market had 217 homes for sale in May 2024, a 16.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 41 | 47 | +14.6% |
3 Bedrooms | 87 | 101 | +16.1% |
4 Bedrooms | 30 | 42 | +40.0% |
5+ Bedrooms | 26 | 23 | -11.5% |
Summary: The Rabun County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 40%, and 5+ bedroom homes decreased by 11.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 25 | +8.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Rabun County in May 2024, up by 8.7% month-over-month. Of the 24 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% were sold over asking.
Days on Market for Rabun County, GA
How long does it take to sell a home in Rabun County, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 38 Days | -34.6% |
Summary: Homes in Rabun County had an average of 38 days on market in May 2024, down by 34.6% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Rabun County; 76% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.