Is Oakway, SC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakway is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Oakway is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Oakway, SC

How much do homes in Oakway, SC cost?

Median Sold Price

$372,000

$213/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,000(+1.4%)

Key Takeaway

Homes in Oakway have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Oakway was $372,000 in November 2024, up 1.4% from last year, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $114.2K$70K
-38.7%
2 $268.5K$245K
-8.8%
3 $356K$350K
-1.7%
4 $621.2K$564.5K
-9.1%
5+ $922.5K$1.2M
+34.1%

Summary: Oakway housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.7%, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 34.1%.

Median Sold Price Compared To Nearby Cities

Seneca
+21.2%
Rock Creek
+15.1%
Townville
+12.4%
Oakway
+1.4%
Fair Play
-16.6%

Housing Supply in Oakway, SC

How many homes are available in Oakway, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
7176+7.0%

Summary: The Oakway real estate market had 76 homes for sale in November 2024, a 7.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 22
0.0%
2 2019
-5.0%
3 3038
+26.7%
4 86
-25.0%
5+ 1111
0.0%

Summary: The Oakway housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 26.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
103-70.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakway, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Oakway in November 2024, down by 70.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Oakway, SC

How long does it take to sell a home in Oakway, SC?

Average Sale Time

Nov 2023Nov 2024CHANGE
60 Days42 Days-30.1%

Summary: Homes in Oakway had an average of 42 days on market in Nov 2024, down by 30.1% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Oakway has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Oakway; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

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