Is Oconee County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$460,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oconee County was $460,000 in May 2024, up 1.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $770K | $685K | -11.0% |
2 Bedrooms | $267K | $248.5K | -6.9% |
3 Bedrooms | $359.9K | $380.4K | +5.7% |
4 Bedrooms | $490K | $499.9K | +2.0% |
5+ Bedrooms | $737.4K | $717K | -2.8% |
Summary: Oconee County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11%, 2 bedroom homes decreased by 6.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 2%, and 5+ bedroom homes decreased by 2.8%.
Median Sold Price Compared To Nearby Counties
Clarke County | $320.3K | $346.1K | +8.1% |
Jackson County | $410.1K | $427.8K | +4.3% |
Oconee County | $451.2K | $460K | +1.9% |
Walton County | $399.7K | $396.6K | -0.8% |
Morgan County | $462.2K | $450.8K | -2.5% |
Housing Supply in Oconee County, GA
How many homes are available in Oconee County, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
318 | 335 | +5.3% |
Summary: The Oconee County real estate market had 335 homes for sale in May 2024, a 5.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 13 | +85.7% |
3 Bedrooms | 98 | 92 | -6.1% |
4 Bedrooms | 126 | 136 | +7.9% |
5+ Bedrooms | 87 | 94 | +8.0% |
Summary: The Oconee County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 85.7%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 105 | +66.7% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 105 homes were sold or pending in Oconee County in May 2024, up by 66.7% month-over-month. Of the 97 sold homes, 56% were sold under asking, 27% were sold at asking, and 18% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 41 Days | +7.5% |
Summary: Homes in Oconee County had an average of 41 days on market in May 2024, up by 7.5% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 105 homes were sold in Oconee County; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.