Is Oak Bluffs, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Oak Bluffs was a Neutral Market.
Housing Prices in Oak Bluffs, MA
How much do homes in Oak Bluffs, MA cost?
Median Sold Price
$842,500
$847/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Summary: The median home sold price in Oak Bluffs was $842,500 in May 2024, down 41.3% from last month, and the median price per square foot was $847.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $1.3M | $842.5K | -38.5% |
4 Bedrooms | $1.5M | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Oak Bluffs housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 38.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Edgartown | $2.3M | $1.5M | -33.1% |
Oak Bluffs | $1.4M | $842.5K | -41.3% |
Tisbury | $1.7M | $925K | -47.7% |
Housing Supply in Oak Bluffs, MA
How many homes are available in Oak Bluffs, MA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 19 | +58.3% |
Summary: The Oak Bluffs real estate market had 19 homes for sale in May 2024, a 58.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 2 | +100.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 5 | 6 | +20.0% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Oak Bluffs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Oak Bluffs in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Oak Bluffs, MA
How long does it take to sell a home in Oak Bluffs, MA?
Average Sale Time
Apr 2024 | May 2024 | CHANGE |
---|---|---|
78 Days | 47 Days | -39.1% |
Summary: Homes in Oak Bluffs had an average of 47 days on market in May 2024, down by 39.1% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Oak Bluffs; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.