$159,900
5.31 Acres
Land
Charlotte L. Johnson, Listing Office: The American Realty
Is Oconee County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$475,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,333(+0.9%)
Key Takeaway
Homes in Oconee County have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Oconee County was $475,000 in November 2024, up 0.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $725K | $875.4K | +20.8% |
| 2 Bedrooms | $262.6K | $270K | +2.8% |
| 3 Bedrooms | $375K | $380.4K | +1.4% |
| 4 Bedrooms | $525K | $516K | -1.7% |
| 5+ Bedrooms | $750K | $690K | -8.0% |
Summary: Oconee County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 8%.
Median Sold Price Compared To Nearby Counties
| Jackson County | $417.3K | $435K | +4.3% |
| Clarke County | $337.3K | $349.9K | +3.8% |
| Walton County | $390.2K | $398.6K | +2.2% |
| Morgan County | $459.9K | $468.5K | +1.9% |
| Oconee County | $470.6K | $475K | +0.9% |
Housing Supply in Oconee County, GA
How many homes are available in Oconee County, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 308 | 293 | -4.9% |
Summary: The Oconee County real estate market had 293 homes for sale in November 2024, a 4.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 9 | 14 | +55.6% |
| 3 Bedrooms | 99 | 91 | -8.1% |
| 4 Bedrooms | 124 | 117 | -5.6% |
| 5+ Bedrooms | 74 | 70 | -5.4% |
Summary: The Oconee County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 55.6%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 5.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 53 | +8.2% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oconee County, you may be able to get a good deal. 48% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Oconee County in November 2024, up by 8.2% month-over-month. Of the 50 sold homes, 48% were sold under asking, 24% were sold at asking, and 28% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 61 Days | +158.3% |
Summary: Homes in Oconee County had an average of 61 days on market in Nov 2024, up by 158.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Oconee County has remained consistent over time.
Summary: During November 2024, 53 homes were sold in Oconee County; 34% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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