Oneonta's real estate market is experiencing a price correction, with values down 27.4% from last year. Home prices have decreased 27.4% in the past month. With 6.3 months of supply, Oneonta's inventory levels remain relatively tight. Transaction volume is up 250% compared to what's typically expected this time of year. A significant 27.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Oneonta market with the affordability index at 193.0. Based on current market indicators, home prices in Oneonta are projected to increase by approximately 9.5% over the next month.