$8,906 Closing Credit*
$750,000
4,844 SqFt
6 Beds
•3 Full Baths
Lauren Pawelko, Listing Office: Coldwell Banker Realty
Is Rabun County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12(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 October 2024, the same as last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $234.5K | $287.5K | +22.6% |
| 2 Bedrooms | $309.9K | $300K | -3.2% |
| 3 Bedrooms | $395K | $416K | +5.3% |
| 4 Bedrooms | $500K | $522.5K | +4.5% |
| 5+ Bedrooms | $737.5K | $1.3M | +86.1% |
Summary: Rabun County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.6%, 2 bedroom homes decreased by 3.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 86.1%.
Median Sold Price Compared To Nearby Counties
| Towns County | $375K | $422.5K | +12.7% |
| Macon County | $380K | $425K | +11.8% |
| Oconee County | $337.2K | $371.8K | +10.3% |
| Habersham County | $300.3K | $325K | +8.2% |
| 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 216 | 232 | +7.4% |
Summary: The Rabun County real estate market had 232 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 8 | 0.0% |
| 2 Bedrooms | 54 | 59 | +9.3% |
| 3 Bedrooms | 91 | 95 | +4.4% |
| 4 Bedrooms | 42 | 47 | +11.9% |
| 5+ Bedrooms | 21 | 23 | +9.5% |
Summary: The Rabun County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 22 | -35.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 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. 70% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Rabun County in October 2024, down by 35.3% month-over-month. Of the 20 sold homes, 70% were sold under asking, 20% were sold at asking, and 10% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 83 Days | +57.3% |
Summary: Homes in Rabun County had an average of 83 days on market in Oct 2024, up by 57.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
8 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 October 2024, 22 homes were sold in Rabun County; 50% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.