Is Oconee County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oconee County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Oconee County was a Seller's Market.

Key Takeaway

Oconee County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Oconee County, GA

How much do homes in Oconee County, GA cost?

Median Sold Price

$474,966

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,716(+1.2%)

Key Takeaway

Homes in Oconee County have sold for 1.2% more than they did a year ago.

Summary: The median home sold price in Oconee County was $474,966 in October 2024, up 1.2% from last year, and the median price per square foot was $204.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $725K$875.4K
+20.8%
2 $262.6K$270K
+2.8%
3 $375K$380.4K
+1.4%
4 $516K$514K
-0.4%
5+ $747.5K$688K
-8.0%

Summary: Oconee County housing prices by bedroom type for October 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 0.4%, and 5+ bedroom homes decreased by 8%.

Median Sold Price Compared To Nearby Counties

Clarke County
+4.8%
Jackson County
+4.2%
Oconee County
+1.2%
Morgan County
+1.0%
Walton County
0.2%

Housing Supply in Oconee County, GA

How many homes are available in Oconee County, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3083090.3%

Summary: The Oconee County real estate market had 309 homes for sale in October 2024, a 0.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 98
-11.1%
3 99101
+2.0%
4 127129
+1.6%
5+ 7169
-2.8%

Summary: The Oconee County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 2.8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5946-22.0%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

6 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. 55.8% of homes here sold below asking price last month.

Summary: A total of 46 homes were sold or pending in Oconee County in October 2024, down by 22.0% month-over-month. Of the 43 sold homes, 56% were sold under asking, 30% were sold at asking, and 14% 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

Oct 2023Oct 2024CHANGE
36 Days61 Days+66.4%

Summary: Homes in Oconee County had an average of 61 days on market in Oct 2024, up by 66.4% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oconee County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 46 homes were sold in Oconee County; 39% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 26% 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 20 Days Ago

Newest Listings in Oconee County, GA

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