$3,367 Closing Credit*
$283,500
1,304 SqFt
3 Beds
•1 Full Bath
Jon Barnwell, Listing Office: RE/MAX Town & Country - Jon Barnwell
Is Rabun County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Rabun County was a Seller's Market.
Key Takeaway
Rabun County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rabun County, GA
How much do homes in Rabun County, GA cost?
Median Sold Price
$400,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$75(0.0%)
Key Takeaway
The sold price of homes in Rabun County has remained the same since last year.
Summary: The median home sold price in Rabun County was $400,000 in November 2024, the same as last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179K | $310K | +73.2% |
| 2 Bedrooms | $307.4K | $300K | -2.4% |
| 3 Bedrooms | $397.2K | $416K | +4.7% |
| 4 Bedrooms | $518.5K | $520K | 0.3% |
| 5+ Bedrooms | $850K | $1.0M | +19.4% |
Summary: Rabun County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.2%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Counties
| Towns County | $375K | $433.9K | +15.7% |
| Oconee County | $335.6K | $371.7K | +10.8% |
| Habersham County | $305.3K | $325K | +6.4% |
| Rabun County | $399.9K | $400K | 0.0% |
Housing Supply in Rabun County, GA
How many homes are available in Rabun County, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 211 | 222 | +5.2% |
Summary: The Rabun County real estate market had 222 homes for sale in November 2024, a 5.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 50 | 55 | +10.0% |
| 3 Bedrooms | 89 | 91 | +2.2% |
| 4 Bedrooms | 45 | 51 | +13.3% |
| 5+ Bedrooms | 21 | 21 | 0.0% |
Summary: The Rabun County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 22 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rabun County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Rabun County in November 2024, the same as the previous month. Of the 20 sold homes, 60% were sold under asking, 15% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 55 Days | -0.7% |
Summary: Homes in Rabun County had an average of 55 days on market in Nov 2024, down by 0.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rabun County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 22 homes were sold in Rabun County; 45% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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