Oconee County Home Prices & Values

$135,000 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.4% 1-year change
  • No data 1-year forecast

The median home value in Oconee County is $135,000. Oconee County home values have gone up 3.4% over the past year. The median list price per square foot in Oconee County is $112, which is the same as the Seneca Metro average of $112. The median price of homes currently listed in Oconee County is $229,000 while the median price of homes that sold is $156,425. The median rent price in Oconee County is $900, which is the same as the Seneca Metro median of $900.

Foreclosures will be a factor impacting home values in the next several years. In Oconee County 1.3 homes are foreclosed (per 10,000). This is lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Oconee County is 4.7%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Oconee County homeowners underwater on their mortgage is 9.0%.

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Relative ZHVI
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Oconee County Market Overview

Data through Jun 30, 2014
  • $135,000 ZHVI
  • No data 1-yr forecast
  • $229,000 Median listing price
  • $156,425 Median sale price
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Oconee County Market Health

Data through Jun 30, 2014
  • 8.7/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 9.0% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 4.7% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

1.3 homes Oconee County
4.3 homes United States
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Cities in Oconee County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Salem $225,600 Tamassee $166,500 Fair Play $145,200
Seneca $139,700 West Union $136,200 Mountain Rest $122,700
Westminster $113,400 Walhalla $113,300  

Listings & Sales

Data through Jun 30, 2014
  • $112 Median list price / sq ft
  • $84 Median sale price / sq ft
  • 30.6% Listings with price cut
21.0%
Sold below listing
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Oconee County Rentals

Data through Jun 30, 2014
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $900 Rent list price
  • $0.64 Rent list price / sq ft
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