Is Oakdale, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oakdale has remained a Seller's Market.
Key Takeaway
Oakdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oakdale, MN
How much do homes in Oakdale, MN cost?
Median Sold Price
$349,900
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oakdale have sold for 6% more than they did a year ago.
Summary: The median home sold price in Oakdale was $349,900 in May 2024, up 6% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $202.5K | $185K | -8.6% |
| 2 Bedrooms | $253.3K | $244.9K | -3.3% |
| 3 Bedrooms | $340K | $344.2K | +1.2% |
| 4 Bedrooms | $400K | $413K | +3.3% |
| 5+ Bedrooms | $400K | $450K | +12.5% |
Summary: Oakdale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.6%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Cities
| Oakdale | $330K | $349.9K | +6.0% |
| Lake Elmo | $642K | $680K | +5.9% |
| North Saint Paul | $315K | $316.5K | 0.5% |
Housing Supply in Oakdale, MN
How many homes are available in Oakdale, MN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 88 | 101 | +14.8% |
Summary: The Oakdale real estate market had 101 homes for sale in May 2024, a 14.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 25 | 34 | +36.0% |
| 4 Bedrooms | 30 | 34 | +13.3% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Oakdale 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 increased by 4.3%, 3 bedroom homes increased by 36%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 27 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakdale, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Oakdale in May 2024, the same as the previous month. Of the 27 sold homes, 26% were sold under asking, 19% were sold at asking, and 56% were sold over asking.
Days on Market for Oakdale, MN
How long does it take to sell a home in Oakdale, MN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 15 Days | +6.0% |
Summary: Homes in Oakdale had an average of 15 days on market in May 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oakdale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 27 homes were sold in Oakdale; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
