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 17 Days Ago

Newest Listings in Oakway, SC

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