Is Rabun Gap, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rabun Gap is a neutral's market

Buyer's
Market

Difference Since April 2021

At the same time last year, Rabun Gap was a Seller's Market.

Key Takeaway

Rabun Gap is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Rabun Gap, GA cost?

Median Sold Price

$347,450

$172/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$82,450(+31.1%)

Key Takeaway

Homes in Rabun Gap have sold for 31.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $148.2K-
N/A
2 $229.5K$368.5K
+60.5%
3 $265K$326.7K
+23.3%
4 $336.7K$325K
-3.5%
5+ $515K$479.9K
-6.8%

Median Sold Price Compared To Nearby Cities

Rabun Gap
+31.1%
Sky Valley
+3.9%

How many homes are available in Rabun Gap, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
1513-13.3%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 66
0.0%
3 32
-33.3%
4 24
+100.0%
5+ 41
-75.0%

Number of Homes Sold

Mar 2022Apr 2022%
72-71.4%

Asking Price vs. Sold Price

1 Home Was 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 Rabun Gap, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
11 Days2 Days-78.6%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

43 Wolffork Rd, Rabun Gap, GA 30568

43 Wolffork Rd, Rabun Gap, GA 30568

$995,000
27.34 Acres 
~$4,450/mo.*
#10050018Listing Office:
Poss RealtyMLS logo
308 Sims Way, Rabun Gap, GA 30568

308 Sims Way, Rabun Gap, GA 30568

$595,000
2,589 SqFt
3 Bedrooms
~$2,650/mo.*2 Full Baths, 2 Partial
#20039919Listing Office:
Poss RealtyMLS logo
0 Ponderosa, Rabun Gap, GA 30568

0 Ponderosa, Rabun Gap, GA 30568

$25,000
1.00 Acres 
~$100/mo.*
#10045964Listing Office:
Poss RealtyMLS logo
0 Hawkeye Lot 7C, Rabun Gap, GA 30568

0 Hawkeye Lot 7C, Rabun Gap, GA 30568

$21,900
2.00 Acres 
~$100/mo.*
#10044761Listing Office:
ReMax Town & Country of RabunMLS logo
245 Cathey Rd Unit 2, Rabun Gap, GA 30568

245 Cathey Rd Unit 2, Rabun Gap, GA 30568

$560,000
2,520 SqFt
4 Bedrooms
~$2,500/mo.*3 Full Baths, 1 Partial
#10042544Listing Office:
Poss RealtyMLS logo
122 Loop Way, Rabun Gap, GA 30568

122 Loop Way, Rabun Gap, GA 30568

$429,000
4,294 SqFt
4 Bedrooms
~$1,900/mo.*3 Full Baths
#20034974Listing Office:
KDGC Properties LLCMLS logo
92 Boulder Ln, Rabun Gap, GA 30568

92 Boulder Ln, Rabun Gap, GA 30568

$379,000
1,562 SqFt
3 Bedrooms
~$1,700/mo.*2 Full Baths
#10038359Listing Office:
BHHS Georgia PropertiesMLS logo
118 Darnell Creek Rd, Rabun Gap, GA 30568

118 Darnell Creek Rd, Rabun Gap, GA 30568

$620,000
2,772 SqFt
4 Bedrooms
~$2,800/mo.*3 Full Baths
#20032800Listing Office:
Poss RealtyMLS logo
73 Redbird Ln, Rabun Gap, GA 30568

73 Redbird Ln, Rabun Gap, GA 30568

$799,000
2,322 SqFt
3 Bedrooms
~$3,600/mo.*2 Full Baths
#20030855Listing Office:
Virtual Properties Realty.comMLS logo
0 Kellys Creek Rd Unit 164, Rabun Gap, GA 30568

0 Kellys Creek Rd Unit 164, Rabun Gap, GA 30568

$134,900
7.87 Acres 
~$600/mo.*
#10031426Listing Office:
Berkshire Hathaway HomeServices Georgia PropertiesMLS logo
430 Darnell Creek Rd, Rabun Gap, GA 30568

430 Darnell Creek Rd, Rabun Gap, GA 30568

$49,900
1.18 Acres 
~$200/mo.*
#10025436Listing Office:
Keller Williams Great SmokiesMLS logo
291 Smokehouse Knob Dr, Rabun Gap, GA 30568

291 Smokehouse Knob Dr, Rabun Gap, GA 30568

$950,000
3,332 SqFt
5 Bedrooms
~$4,250/mo.*3 Full Baths
#10022407Listing Office:
Rabun RealtyMLS logo

About Rabun Gap, GA

Homes for sale in Rabun Gap, GA have reached 13. Between March 2022 and April 2022, Rabun Gap, GA real estate market has seen decrease in the number of listings by 13.3%. The median list price of listings available in April 2022 was $347,450, while the average time on the real estate market was 2 days. From March 2022 through April 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 60.5%, 3 bedrooms properties prices increased by 23.3%, 4 bedrooms properties became 3.5% more cheaper, prices of 5 bedrooms properties went down by 6.8%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes decreased by 33.3%, number of 4 bedrooms homes increased by 100%, number of 5 bedrooms homes decreased by 75%. In April 2022, from all listings sold in Rabun Gap, GA there were more than 0 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.

MLS Disclaimers and Copyright

Based on information from Georgia MLS, and Classic MLS for the period 05/01/2020 - 05/01/2022

IDX Based on information from the Georgia MLS © 2022.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2022, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Broker ReciprocityThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Athens Area Association of Realtors. Information deemed reliable but not guaranteed. IDX information 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. Information deemed reliable but not guaranteed.
Copyright© 2022 Athens Area Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2022, 10:20:42 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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