Is Oak Park, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Oak Park has remained a Seller's Market.
Housing Prices in Oak Park, CA
How much do homes in Oak Park, CA cost?
Median Sold Price
$1,025,000
$552/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oak Park was $1,025,000 in April 2024, up 7.9% from last year, and the median price per square foot was $552.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $430K | $445K | +3.5% |
2 Bedrooms | $625K | $640K | +2.4% |
3 Bedrooms | $862.5K | $905K | +4.9% |
4 Bedrooms | $1.2M | $1.3M | +9.3% |
5+ Bedrooms | $1.6M | $1.6M | -5.5% |
Summary: Oak Park housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.5%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Neighborhoods
Morrison Ranch | $1.3M | $1.5M | +10.2% |
Oak Park | $950K | $1.0M | +7.9% |
Housing Supply in Oak Park, CA
How many homes are available in Oak Park, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
35 | 44 | +25.7% |
Summary: The Oak Park real estate market had 44 homes for sale in April 2024, a 25.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 7 | 8 | +14.3% |
4 Bedrooms | 11 | 16 | +45.5% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Oak Park housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 13 | +85.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Oak Park in April 2024, up by 85.7% month-over-month. Of the 13 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for Oak Park, CA
How long does it take to sell a home in Oak Park, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 32 Days | -10.0% |
Summary: Homes in Oak Park had an average of 32 days on market in Apr 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Oak Park; 46% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.