Is Oakway, SC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oakway has remained a Seller's Market.
Housing Prices in Oakway, SC
How much do homes in Oakway, SC cost?
Median Sold Price
$368,500
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oakway was $368,500 in May 2024, down 4.3% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $159.4K | $75K | -53.0% |
2 Bedrooms | $309K | $260K | -15.9% |
3 Bedrooms | $378.7K | $340K | -10.2% |
4 Bedrooms | $560K | $625K | +11.6% |
5+ Bedrooms | $775K | $1.1M | +54.2% |
Summary: Oakway housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53%, 2 bedroom homes decreased by 15.9%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 54.2%.
Median Sold Price Compared To Nearby Cities
Rock Creek | $270K | $385.5K | +42.8% |
Seneca | $307.6K | $342.6K | +11.4% |
Fair Play | $532K | $585K | +10.0% |
Oakway | $385K | $368.5K | -4.3% |
Housing Supply in Oakway, SC
How many homes are available in Oakway, SC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
105 | 104 | -1.0% |
Summary: The Oakway real estate market had 104 homes for sale in May 2024, a 1.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 5 | +25.0% |
2 Bedrooms | 16 | 21 | +31.3% |
3 Bedrooms | 38 | 41 | +7.9% |
4 Bedrooms | 32 | 25 | -21.9% |
5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The Oakway housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 7.9%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 22 | -15.4% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Oakway in May 2024, down by 15.4% month-over-month. Of the 22 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for Oakway, SC
How long does it take to sell a home in Oakway, SC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
64 Days | 89 Days | +39.4% |
Summary: Homes in Oakway had an average of 89 days on market in May 2024, up by 39.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 22 homes were sold in Oakway; 14% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.