Oneonta's real estate market is experiencing a price correction, with values down 11.0% from last year. Home prices have decreased 6.4% in the past month. With 3.8 months of supply, Oneonta's inventory levels remain relatively tight. Transaction volume is up 100% compared to what's typically expected this time of year. A significant 26.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. The majority of homes (75.0%) sold above asking price, a clear sign of competitive bidding. Affordability remains a significant challenge in the Oneonta market with the affordability index at 111.7. Looking ahead, the Oneonta market is expected to maintain its current trajectory with relatively stable conditions.