Is Sky Valley, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sky Valley has remained a Seller's Market.
Key Takeaway
Sky Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sky Valley, GA
How much do homes in Sky Valley, GA cost?
Median Sold Price
$446,650
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Sky Valley have sold for 11.7% more than they did a year ago.
Summary: The median home sold price in Sky Valley was $446,650 in May 2024, up 11.7% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $171K | - | N/A |
| 2 Bedrooms | $277K | $342.5K | +23.6% |
| 3 Bedrooms | $399.9K | $415K | +3.8% |
| 4 Bedrooms | $448K | $614.5K | +37.2% |
| 5+ Bedrooms | $774.9K | $627.5K | -19.0% |
Summary: Sky Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 37.2%, and 5+ bedroom homes decreased by 19%.
Housing Supply in Sky Valley, GA
How many homes are available in Sky Valley, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 24 | 28 | +16.7% |
Summary: The Sky Valley real estate market had 28 homes for sale in May 2024, a 16.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Sky Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
4 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 Sky Valley, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Sky Valley in May 2024, up by 500.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 37 Days | +7.1% |
Summary: Homes in Sky Valley had an average of 37 days on market in May 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sky Valley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in Sky Valley; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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.