The housing market in Oneonta continues to see strong price appreciation, with values up 42.1% compared to last year. Home prices have increased 80.5% in the past month alone. With 55 active listings, inventory is 62% higher than seasonal norms. Homes are taking about 69 days to sell, which is 16 days longer than this time last year. A significant 21.8% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 16.7% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Oneonta market with the affordability index at 317.8. Based on current market indicators, home prices in Oneonta are projected to decrease by approximately 14.3% over the next month.