Is Oakway, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakway is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Oakway has remained a Seller's Market.

Key Takeaway

Oakway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$16,500(-4.3%)

Key Takeaway

Homes in Oakway have sold for 4.3% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $159.4K$75K
-53.0%
2 $309K$260K
-15.9%
3 $378.7K$340K
-10.2%
4 $560K$625K
+11.6%
5+ $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
+42.8%
Seneca
+11.4%
Fair Play
+10.0%
Oakway
-4.3%

Housing Supply in Oakway, SC

How many homes are available in Oakway, SC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
105104-1.0%

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

# BEDSApr 2024May 2024CHANGE
1 45
+25.0%
2 1621
+31.3%
3 3841
+7.9%
4 3225
-21.9%
5+ 1512
-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 2024May 2024CHANGE
2622-15.4%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakway, you may be able to get a good deal. 86.4% of homes here sold below asking price last month.

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 2023May 2024CHANGE
64 Days89 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Oakway has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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