Is Oconee County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Oconee County has remained a Seller's Market.
Housing Prices in Oconee County, GA
How much do homes in Oconee County, GA cost?
Median Sold Price
$459,100
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oconee County was $459,100 in March 2024, down 1.4% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $850K | $685K | -19.4% |
2 Bedrooms | $261.3K | $250K | -4.3% |
3 Bedrooms | $359.2K | $375K | +4.4% |
4 Bedrooms | $490K | $491.8K | 0.4% |
5+ Bedrooms | $725K | $733K | +1.1% |
Summary: Oconee County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.4%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 1.1%.
Median Sold Price Compared To Nearby Counties
Clarke County | $322.1K | $343.8K | +6.7% |
Morgan County | $446.4K | $466.2K | +4.4% |
Jackson County | $413.7K | $425K | +2.7% |
Walton County | $394.1K | $394.9K | 0.2% |
Oconee County | $465.6K | $459.1K | -1.4% |
Housing Supply in Oconee County, GA
How many homes are available in Oconee County, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
259 | 281 | +8.5% |
Summary: The Oconee County real estate market had 281 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 82 | 87 | +6.1% |
4 Bedrooms | 97 | 109 | +12.4% |
5+ Bedrooms | 71 | 76 | +7.0% |
Summary: The Oconee County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
57 | 61 | +7.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 61 homes were sold or pending in Oconee County in March 2024, up by 7.0% month-over-month. Of the 57 sold homes, 40% were sold under asking, 44% were sold at asking, and 16% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 56 Days | +16.6% |
Summary: Homes in Oconee County had an average of 56 days on market in Mar 2024, up by 16.6% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During March 2024, 61 homes were sold in Oconee County; 57% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.