Is Oconee County, SC 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 March 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, 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

+$29,595(+9.1%)

Key Takeaway

Homes in Oconee County have sold for 9.1% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 $198.5K$123.2K
-37.9%
2 $191.4K$229K
+19.6%
3 $289.4K$296K
+2.3%
4 $445.1K$575K
+29.2%
5+ $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
+9.1%
Pickens County
+6.3%
Habersham County
+6.2%
Stephens County
+4.2%
Rabun County
+1.2%

Housing Supply in Oconee County, SC

How many homes are available in Oconee County, SC?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
483586+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

# BEDSFeb 2024Mar 2024CHANGE
1 1313
0.0%
2 7181
+14.1%
3 215266
+23.7%
4 130154
+18.5%
5+ 5472
+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 2024Mar 2024CHANGE
72108+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oconee County, you may be able to get a good deal. 66% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
91 Days77 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in Oconee County, SC

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