Is Oakland, TN 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, Oakland has remained a Seller's Market.
Housing Prices in Oakland, TN
How much do homes in Oakland, TN cost?
Median Sold Price
$364,900
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oakland was $364,900 in May 2024, up 5.8% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $160K | N/A |
3 Bedrooms | $297.3K | $303.2K | +2.0% |
4 Bedrooms | $385K | $375K | -2.6% |
5+ Bedrooms | $429.9K | $437K | +1.7% |
Summary: Oakland 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 did not change, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in Oakland, TN
How many homes are available in Oakland, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
131 | 128 | -2.3% |
Summary: The Oakland real estate market had 128 homes for sale in May 2024, a 2.3% decrease 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 | 2 | 1 | -50.0% |
3 Bedrooms | 33 | 38 | +15.2% |
4 Bedrooms | 78 | 72 | -7.7% |
5+ Bedrooms | 18 | 17 | -5.6% |
Summary: The Oakland 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 50%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 5.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 30 | +20.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Oakland in May 2024, up by 20.0% month-over-month. Of the 30 sold homes, 43% were sold under asking, 47% were sold at asking, and 10% were sold over asking.
Days on Market for Oakland, TN
We’re sorry, we don't have information for this market at the moment