$3,729 Closing Credit*
$314,000
2 Beds
•2 Full Baths, 1 Partial
Amber Orr, Listing Office: Keller Williams Lanier Partners
Is Rabun Gap, 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 Gap was a Seller's Market.
Key Takeaway
Rabun Gap is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rabun Gap, GA
How much do homes in Rabun Gap, GA cost?
Median Sold Price
$382,500
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+7.7%)
Key Takeaway
Homes in Rabun Gap have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Rabun Gap was $382,500 in October 2024, up 7.7% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $256.3K | - | N/A |
| 2 Bedrooms | $273.2K | $265K | -3.0% |
| 3 Bedrooms | $394K | $392.2K | -0.4% |
| 4 Bedrooms | $400K | $610.2K | +52.6% |
| 5+ Bedrooms | $350K | - | N/A |
Summary: Rabun Gap housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 52.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Rabun Gap | $355K | $382.5K | +7.7% |
| Sky Valley | $460K | $407.5K | -11.4% |
| Dillard | $460K | $405K | -12.0% |
Housing Supply in Rabun Gap, GA
How many homes are available in Rabun Gap, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 25 | +38.9% |
Summary: The Rabun Gap real estate market had 25 homes for sale in October 2024, a 38.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 10 | 13 | +30.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Rabun Gap 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 150%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rabun Gap, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Rabun Gap in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Rabun Gap, GA
How long does it take to sell a home in Rabun Gap, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 108 Days | +208.6% |
Summary: Homes in Rabun Gap had an average of 108 days on market in Oct 2024, up by 208.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rabun Gap are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Rabun Gap; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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.