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 seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Oconee County, GA

How much do homes in Oconee County, GA cost?

Median Sold Price

$468,500

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$7,833(+1.7%)

Key Takeaway

Homes in Oconee County have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Oconee County was $468,500 in June 2024, up 1.7% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $757.4K$500K
-34.0%
2 $278.5K$245K
-12.0%
3 $365K$379.6K
+4.0%
4 $488K$512K
+4.9%
5+ $725K$706K
-2.6%

Summary: Oconee County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34%, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 2.6%.

Median Sold Price Compared To Nearby Counties

Clarke County
+7.5%
Jackson County
+5.0%
Oconee County
+1.7%
Walton County
-0.5%
Morgan County
-6.1%

Housing Supply in Oconee County, GA

How many homes are available in Oconee County, GA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
340318-6.5%

Summary: The Oconee County real estate market had 318 homes for sale in June 2024, a 6.5% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 1410
-28.6%
3 9793
-4.1%
4 134136
+1.5%
5+ 9579
-16.8%

Summary: The Oconee County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 16.8%.

Number of Homes Sold

May 2024Jun 2024CHANGE
11164-42.3%

Asking Price vs. Sold Price

32 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oconee County, you may be able to get a good deal. 51.6% of homes here sold below asking price last month.

Summary: A total of 64 homes were sold or pending in Oconee County in June 2024, down by 42.3% month-over-month. Of the 62 sold homes, 52% were sold under asking, 21% were sold at asking, and 27% 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

Jun 2023Jun 2024CHANGE
35 Days37 Days+6.1%

Summary: Homes in Oconee County had an average of 37 days on market in Jun 2024, up by 6.1% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oconee County are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 64 homes were sold in Oconee County; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% 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 12 Days Ago

Newest Listings in Oconee County, GA

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