Is Rabun County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Rabun County was a Seller's Market.
Key Takeaway
Rabun County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rabun County, GA
How much do homes in Rabun County, GA cost?
Median Sold Price
$394,666
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rabun County have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Rabun County was $394,666 in March 2024, up 1.2% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $224.9K | $179K | -20.4% |
| 2 Bedrooms | $287.6K | $299.9K | +4.3% |
| 3 Bedrooms | $399.9K | $384.3K | -3.9% |
| 4 Bedrooms | $491K | $555K | +13.0% |
| 5+ Bedrooms | $862.5K | $1.4M | +62.3% |
Summary: Rabun County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.4%, 2 bedroom homes increased by 4.3%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 62.3%.
Median Sold Price Compared To Nearby Counties
| Oconee County | $324.9K | $354.5K | +9.1% |
| Habersham County | $300K | $318.5K | +6.2% |
| Towns County | $375K | $389.4K | +3.9% |
| Rabun County | $390K | $394.6K | +1.2% |
Housing Supply in Rabun County, GA
How many homes are available in Rabun County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 137 | 159 | +16.1% |
Summary: The Rabun County real estate market had 159 homes for sale in March 2024, a 16.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 28 | 38 | +35.7% |
| 3 Bedrooms | 59 | 71 | +20.3% |
| 4 Bedrooms | 28 | 28 | 0.0% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Rabun County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 20.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 13 | -31.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rabun County, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Rabun County in March 2024, down by 31.6% month-over-month. Of the 11 sold homes, 82% were sold under asking, 9% were sold at asking, and 9% were sold over asking.
Days on Market for Rabun County, GA
How long does it take to sell a home in Rabun County, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 69 Days | +26.8% |
Summary: Homes in Rabun County had an average of 69 days on market in Mar 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rabun County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 13 homes were sold in Rabun County; 38% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide 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. This property is offered without respect to any protected classes in accordance with the law.