Is Oconee County, SC 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, SC
How much do homes in Oconee County, SC cost?
Median Sold Price
$362,333
$204/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 $362,333 in April 2024, up 7.9% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $118.5K | -35.9% |
2 Bedrooms | $203K | $230K | +13.3% |
3 Bedrooms | $299K | $294.4K | -1.5% |
4 Bedrooms | $465K | $586.3K | +26.1% |
5+ Bedrooms | $775K | $1.0M | +33.4% |
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 35.9%, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 26.1%, and 5+ bedroom homes increased by 33.4%.
Median Sold Price Compared To Nearby Counties
Stephens County | $215K | $237.5K | +10.5% |
Oconee County | $335.7K | $362.3K | +7.9% |
Habersham County | $299.9K | $318.8K | +6.3% |
Pickens County | $293K | $304.9K | +4.1% |
Rabun County | $395K | $392.6K | -0.6% |
Housing Supply in Oconee County, SC
How many homes are available in Oconee County, SC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
564 | 597 | +5.9% |
Summary: The Oconee County real estate market had 597 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 80 | 89 | +11.3% |
3 Bedrooms | 254 | 275 | +8.3% |
4 Bedrooms | 151 | 149 | -1.3% |
5+ Bedrooms | 71 | 75 | +5.6% |
Summary: The Oconee County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 11.3%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
109 | 117 | +7.3% |
Asking Price vs. Sold Price
71 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 117 homes were sold or pending in Oconee County in April 2024, up by 7.3% month-over-month. Of the 116 sold homes, 61% were sold under asking, 22% were sold at asking, and 16% were sold over asking.
Days on Market for Oconee County, SC
How long does it take to sell a home in Oconee County, SC?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
85 Days | 70 Days | -17.7% |
Summary: Homes in Oconee County had an average of 70 days on market in Apr 2024, down by 17.7% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During April 2024, 117 homes were sold in Oconee County; 25% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.