Is Oconee County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oconee County is a neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Oconee County was a Seller's Market.

Key Takeaway

Oconee County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Oconee County, GA

How much do homes in Oconee County, GA cost?

Median Sold Price

$475,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$15,500(+3.4%)

Key Takeaway

Homes in Oconee County have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Oconee County was $475,000 in September 2024, up 3.4% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $725K$887.4K
+22.4%
2 $262.6K$270K
+2.8%
3 $375K$379.8K
+1.3%
4 $511.5K$516K
+0.9%
5+ $745K$690K
-7.4%

Summary: Oconee County housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.4%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 7.4%.

Median Sold Price Compared To Nearby Counties

Clarke County
+6.0%
Jackson County
+4.2%
Oconee County
+3.4%
Walton County
+0.7%
Morgan County
-3.0%

Housing Supply in Oconee County, GA

How many homes are available in Oconee County, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3163160.0%

Summary: The Oconee County real estate market had 316 homes for sale in September 2024, the same as August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 10
-100.0%
2 119
-18.2%
3 8798
+12.6%
4 144132
-8.3%
5+ 7377
+5.5%

Summary: The Oconee County housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 12.6%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 5.5%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
6052-13.3%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oconee County, expect to pay close to the asking price. 48% of homes here sold near the asking price last month.

Summary: A total of 52 homes were sold or pending in Oconee County in September 2024, down by 13.3% month-over-month. Of the 50 sold homes, 40% were sold under asking, 48% were sold at asking, and 12% 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

Sep 2023Sep 2024CHANGE
45 Days53 Days+18.5%

Summary: Homes in Oconee County had an average of 53 days on market in Sep 2024, up by 18.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

25 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Oconee County has remained consistent over time.

Summary: During September 2024, 52 homes were sold in Oconee County; 35% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 17% 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 24 Days Ago

Newest Listings in Oconee County, GA

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