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 April 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

$915,000

$630/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$110,000(+13.7%)

Key Takeaway

Homes in Oak View have sold for 13.7% more than they did a year ago.

Summary: The median home sold price in Oak View was $915,000 in April 2024, up 13.7% from last year, and the median price per square foot was $630.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $527K$640K
+21.4%
2 $767.5K$705K
-8.1%
3 $787K$915K
+16.3%
4 $1.1M$1.1M
+4.0%
5+ $1.2M$3.6M
+195.8%

Summary: Oak View housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 195.8%.

Median Sold Price Compared To Nearby Cities

Oak View
+13.7%
Ojai-Mira Monte
+7.8%
San Buenaventura (Ventura)
+7.6%

Housing Supply in Oak View, CA

How many homes are available in Oak View, CA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
2326+13.0%

Summary: The Oak View real estate market had 26 homes for sale in April 2024, a 13.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 11
0.0%
2 65
-16.7%
3 1217
+41.7%
4 32
-33.3%
5+ 11
0.0%

Summary: The Oak View housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 41.7%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
49+125.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oak View, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Oak View in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% 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

Apr 2023Apr 2024CHANGE
11 Days45 Days+310.8%

Summary: Homes in Oak View had an average of 45 days on market in Apr 2024, up by 310.8% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 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 April 2024, 9 homes were sold in Oak View; 44% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 11% 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 3 Days Ago

Newest Listings in Oak View, CA

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