29689 — Oconee County, South Carolina Market Snapshot
Housing market data for zip code 29689 in Oconee County, South Carolina. Updated monthly with median prices, days on market, and more.
Market Sales Data
17 sales in 2026 (year to date)
Median Sale Price
$553,500
Days to Sell
75
Homes Sold
17
Inventory
22
Sale-to-List
97.4%
New Listings
24
Price/SqFt
$263
Pending Sales
16
Conforming Loan Available
Most homebuyers in 29689 can comfortably use conventional financing. The median home price of $553,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 75 days on average, 29689 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
The average home in 29689 sells for 2.6% below asking price (97.4% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 29689 can comfortably use conventional financing. The median home price of $553,500 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 29689 are set at the county level.
2026 Loan Limits — Oconee County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 29689
To purchase the median home at $553,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,391.
Monthly Payment
$4,391
Income Required
$188,175
Principal & Interest
$3,410/mo
Down Payment (5%)
$27,675
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 29689.
Estimated Monthly Payment
$3,575
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