Is Oak View, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oak View is a seller's market

Buyer's
Market

Difference Since June 2023

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

Key Takeaway

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

Housing Prices in Oak View, CA

How much do homes in Oak View, CA cost?

Median Sold Price

$920,000

$629/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$70,500(+8.3%)

Key Takeaway

Homes in Oak View have sold for 8.3% more than they did a year ago.

Summary: The median home sold price in Oak View was $920,000 in June 2024, up 8.3% from last year, and the median price per square foot was $629.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $527K$640K
+21.4%
2 $865K$705K
-18.5%
3 $795K$920K
+15.7%
4 $1.1M$1.3M
+19.6%
5+ $1.2M$3.6M
+195.8%

Summary: Oak View housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes decreased by 18.5%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 195.8%.

Median Sold Price Compared To Nearby Cities

San Buenaventura (Ventura)
+10.8%
Oak View
+8.3%
Ojai-Mira Monte
+7.2%

Housing Supply in Oak View, CA

How many homes are available in Oak View, CA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
2724-11.1%

Summary: The Oak View real estate market had 24 homes for sale in June 2024, a 11.1% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 21
-50.0%
3 1615
-6.3%
4 66
0.0%
5+ 21
-50.0%

Summary: The Oak View housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

May 2024Jun 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oak View, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Oak View in June 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Oak View, CA

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

Average Sale Time

Jun 2023Jun 2024CHANGE
18 Days39 Days+117.0%

Summary: Homes in Oak View had an average of 39 days on market in Jun 2024, up by 117% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 5 homes were sold in Oak View; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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 18 Days Ago

Newest Listings in Oak View, CA

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What housing markets are near Oak View, CA?