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.

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.

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