Is Oakley, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakley is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Oakley has remained a Seller's Market.

Key Takeaway

Oakley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Oakley, CA

How much do homes in Oakley, CA cost?

Median Sold Price

$685,000

$342/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,500(+4.3%)

Key Takeaway

Homes in Oakley have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Oakley was $685,000 in May 2024, up 4.3% from last year, and the median price per square foot was $342.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $475K-
N/A
2 $468.9K$445K
-5.1%
3 $600K$617K
+2.8%
4 $687.5K$717.5K
+4.4%
5+ $834K$842.5K
+1.0%

Summary: Oakley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Cities

Oakley
+4.3%
Antioch
+2.5%
Antioch-Pittsburg
+1.4%
East Contra Costa
0.4%
Brentwood
-0.1%

Housing Supply in Oakley, CA

How many homes are available in Oakley, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
130139+6.9%

Summary: The Oakley real estate market had 139 homes for sale in May 2024, a 6.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 3741
+10.8%
4 5963
+6.8%
5+ 2931
+6.9%

Summary: The Oakley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 6.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3648+33.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakley, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in Oakley in May 2024, up by 33.3% month-over-month. Of the 48 sold homes, 27% were sold under asking, 10% were sold at asking, and 63% were sold over asking.

Days on Market for Oakley, CA

How long does it take to sell a home in Oakley, CA?

Average Sale Time

May 2023May 2024CHANGE
20 Days16 Days-17.5%

Summary: Homes in Oakley had an average of 16 days on market in May 2024, down by 17.5% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oakley are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 48 homes were sold in Oakley; 73% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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