Is Sky Valley, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sky Valley is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Sky Valley was a Seller's Market.

Key Takeaway

Sky Valley is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sky Valley, GA

How much do homes in Sky Valley, GA cost?

Median Sold Price

$407,500

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$52,500(-11.4%)

Key Takeaway

Homes in Sky Valley have sold for 11.4% less than they did a year ago.

Summary: The median home sold price in Sky Valley was $407,500 in November 2024, down 11.4% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $345.5K$350K
+1.3%
3 $415K$376.5K
-9.3%
4 $610K$460K
-24.6%
5+ $800K$962.5K
+20.3%

Summary: Sky Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 9.3%, 4 bedroom homes decreased by 24.6%, and 5+ bedroom homes increased by 20.3%.

Housing Supply in Sky Valley, GA

How many homes are available in Sky Valley, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
2124+14.3%

Summary: The Sky Valley real estate market had 24 homes for sale in November 2024, a 14.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 56
+20.0%
3 59
+80.0%
4 87
-12.5%
5+ 32
-33.3%

Summary: The Sky Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 80%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
42-50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sky Valley, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sky Valley in November 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sky Valley, GA

How long does it take to sell a home in Sky Valley, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days34 Days+33.3%

Summary: Homes in Sky Valley had an average of 34 days on market in Nov 2024, up by 33.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sky Valley are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Sky Valley; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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