Sky Valley Housing Market Report December 2024•Rabun County, Georgia

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Housing Prices in Sky Valley, GA

How much do homes in Sky Valley, GA cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Sky Valley is a Buyer's Market

Difference Since December 2023

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

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$415,000$192/SqFt
-$145,000
-25.9%

Based on all homes sold in the last 12 months

Insight

Homes in Sky Valley have sold for 25.9% less than they did a year ago.

Summary: The median home sold price in Sky Valley was $415,000 in December 2024, down 25.9% from last year, and the median price per square foot was $192.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Rabun Gap
+5.5%
Sky Valley
-25.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1--
N/A
2$345.5K$350K
+1.3%
3$435K$400K
-8.0%
4$720K$460K
-36.1%
5$949.9K$962.5K
+1.3%

Summary: Sky Valley housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +1.3%. The home price for 3 bedroom homes decreased by -8.0%. The home price for 4 bedroom homes decreased by -36.1%. The home price for 5 bedroom homes increased by +1.3%.

Housing supply in Sky Valley, GA

How many homes are available in Sky Valley, GA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
21Last MonthDec 2024
232 months agoNov 2024
-8.7 %
Change MoMNov – Dec

Summary: The Sky Valley real estate market had 21 homes for sale in Dec 2024, a 8.7 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
2Last MonthDec 2024
22 months agoNov 2024
0.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
254
-20.0%
388
0.0%
488
0.0%
521
-50.0%

Summary: Sky Valley housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -20.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes decreased by -50.0%.

Asking Price vs. Sold Price

How much do homes in Sky Valley, GA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price1 Home

Insight

If you're buying a home in Sky Valley, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sky Valley in December 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 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?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

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

Summary: During December 2024, 2 homes were sold in Sky Valley; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
10 DaysThis YearDec 2024
4 Days1 year agoDec 2023
+150.0 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Sky Valley had an average listing age of 10 days in Dec 2024, up by 150.0% compared to the previous year.

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Newest Listings in Sky Valley, GA

What homes are available in Sky Valley, GA?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Georgia MLS, Northeast Georgia MLS, Memphis MLS, Highlands Cashiers MLS, and First Multiple Listing Service Inc. for the period 01/01/2023 - 01/01/2025

IDX Based on information from the Georgia MLS © 2025.

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.

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Last updated on: 1/29/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Northeast Georgia Board of REALTORS ® Multiple Listing Service. © Copyright 2025. All rights reserved. This information is being provided for the consumers' personal, use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated daily; however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:15:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.