Is Oconee County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Oconee County has remained a Seller's Market.
Housing Prices in Oconee County, GA
How much do homes in Oconee County, GA cost?
Median Sold Price
$456,666
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oconee County was $456,666 in April 2024, down 0.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $770K | $685K | -11.0% |
2 Bedrooms | $262.6K | $248.5K | -5.4% |
3 Bedrooms | $359.8K | $379K | +5.3% |
4 Bedrooms | $485K | $493.6K | +1.8% |
5+ Bedrooms | $727.5K | $745K | +2.4% |
Summary: Oconee County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Counties
Clarke County | $321.1K | $345K | +7.4% |
Jackson County | $411.7K | $426.9K | +3.7% |
Morgan County | $456.6K | $462K | +1.2% |
Walton County | $394.9K | $395.2K | 0.1% |
Oconee County | $460.5K | $456.6K | -0.8% |
Housing Supply in Oconee County, GA
How many homes are available in Oconee County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
284 | 296 | +4.2% |
Summary: The Oconee County real estate market had 296 homes for sale in April 2024, a 4.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 6 | -33.3% |
3 Bedrooms | 88 | 96 | +9.1% |
4 Bedrooms | 114 | 110 | -3.5% |
5+ Bedrooms | 73 | 84 | +15.1% |
Summary: The Oconee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 15.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 55 | -17.9% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Oconee County in April 2024, down by 17.9% month-over-month. Of the 54 sold homes, 56% were sold under asking, 26% were sold at asking, and 19% were sold over asking.
Days on Market for Oconee County, GA
How long does it take to sell a home in Oconee County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 53 Days | +83.5% |
Summary: Homes in Oconee County had an average of 53 days on market in Apr 2024, up by 83.5% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 55 homes were sold in Oconee County; 58% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.