Is Oakley, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakley is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Oakley, CA

How much do homes in Oakley, CA cost?

Median Sold Price

$685,000

$342/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,500(+4.3%)

Key Takeaway

Homes in Oakley have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Oakley was $685,000 in May 2024, up 4.3% from last year, and the median price per square foot was $342.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $475K-
N/A
2 $468.9K$445K
-5.1%
3 $600K$617K
+2.8%
4 $687.5K$717.5K
+4.4%
5+ $834K$842.5K
+1.0%

Summary: Oakley 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 decreased by 5.1%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Cities

Oakley
+4.3%
Antioch
+2.5%
Antioch-Pittsburg
+1.4%
East Contra Costa
0.4%
Brentwood
-0.1%

Housing Supply in Oakley, CA

How many homes are available in Oakley, CA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
130139+6.9%

Summary: The Oakley real estate market had 139 homes for sale in May 2024, a 6.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 3741
+10.8%
4 5963
+6.8%
5+ 2931
+6.9%

Summary: The Oakley 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 20%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 6.9%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3648+33.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakley, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in Oakley in May 2024, up by 33.3% month-over-month. Of the 48 sold homes, 27% were sold under asking, 10% were sold at asking, and 63% were sold over asking.

Days on Market for Oakley, CA

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

Average Sale Time

May 2023May 2024CHANGE
20 Days16 Days-17.5%

Summary: Homes in Oakley had an average of 16 days on market in May 2024, down by 17.5% compared to last year.

Breakdown of Home Sale Times

35 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 48 homes were sold in Oakley; 73% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 Oakley, CA

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