Is Oconee County, SC 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, SC
How much do homes in Oconee County, SC cost?
Median Sold Price
$354,562
$204/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 $354,562 in March 2024, up 9.1% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $198.5K | $123.2K | -37.9% |
2 Bedrooms | $191.4K | $229K | +19.6% |
3 Bedrooms | $289.4K | $296K | +2.3% |
4 Bedrooms | $445.1K | $575K | +29.2% |
5+ Bedrooms | $783.5K | $1.0M | +28.9% |
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 37.9%, 2 bedroom homes increased by 19.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 29.2%, and 5+ bedroom homes increased by 28.9%.
Median Sold Price Compared To Nearby Counties
Oconee County | $324.9K | $354.5K | +9.1% |
Pickens County | $285.6K | $303.7K | +6.3% |
Habersham County | $300K | $318.5K | +6.2% |
Stephens County | $220K | $229.2K | +4.2% |
Rabun County | $390K | $394.6K | +1.2% |
Housing Supply in Oconee County, SC
How many homes are available in Oconee County, SC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
483 | 586 | +21.3% |
Summary: The Oconee County real estate market had 586 homes for sale in March 2024, a 21.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 13 | 13 | 0.0% |
2 Bedrooms | 71 | 81 | +14.1% |
3 Bedrooms | 215 | 266 | +23.7% |
4 Bedrooms | 130 | 154 | +18.5% |
5+ Bedrooms | 54 | 72 | +33.3% |
Summary: The Oconee County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.1%, 3 bedroom homes increased by 23.7%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
72 | 108 | +50.0% |
Asking Price vs. Sold Price
70 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 108 homes were sold or pending in Oconee County in March 2024, up by 50.0% month-over-month. Of the 106 sold homes, 66% were sold under asking, 21% were sold at asking, and 13% were sold over asking.
Days on Market for Oconee County, SC
How long does it take to sell a home in Oconee County, SC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
91 Days | 77 Days | -15.8% |
Summary: Homes in Oconee County had an average of 77 days on market in Mar 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Summary: During March 2024, 108 homes were sold in Oconee County; 22% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.