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 buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Oconee County, SC

How much do homes in Oconee County, SC cost?

Median Sold Price

$371,785

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$36,165(+10.8%)

Key Takeaway

Homes in Oconee County have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Oconee County was $371,785 in November 2024, up 10.8% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $142.5K$162.5K
+14.0%
2 $219K$225K
+2.7%
3 $299.8K$317.1K
+5.8%
4 $541.8K$570.2K
+5.2%
5+ $922.5K$1.1M
+29.8%

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 14%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 29.8%.

Median Sold Price Compared To Nearby Counties

Stephens County
+12.3%
Oconee County
+10.8%
Pickens County
+10.0%
Habersham County
+6.4%
Rabun County
0.0%

Housing Supply in Oconee County, SC

How many homes are available in Oconee County, SC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
510535+4.9%

Summary: The Oconee County real estate market had 535 homes for sale in November 2024, a 4.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 119
-18.2%
2 8595
+11.8%
3 236255
+8.1%
4 116118
+1.7%
5+ 6258
-6.5%

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 18.2%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 6.5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8962-30.3%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

11 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% of homes here sold below asking price last month.

Summary: A total of 62 homes were sold or pending in Oconee County in November 2024, down by 30.3% month-over-month. Of the 60 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% 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

Nov 2023Nov 2024CHANGE
63 Days72 Days+13.5%

Summary: Homes in Oconee County had an average of 72 days on market in Nov 2024, up by 13.5% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Oconee County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 62 homes were sold in Oconee County; 19% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 27% 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 21 Days Ago

Newest Listings in Oconee County, SC

Nearby Markets to Oconee County, SC

What housing markets are near Oconee County, SC?