Is Oaks North, 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, Oaks North has remained a Seller's Market.
Key Takeaway
Oaks North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oaks North, CA
How much do homes in Oaks North, CA cost?
Median Sold Price
$775,000
$563/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Oaks North have sold for 2% more than they did a year ago.
Summary: The median home sold price in Oaks North was $775,000 in April 2024, up 2% from last year, and the median price per square foot was $563.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $431.5K | $429.5K | -0.5% |
| 2 Bedrooms | $695K | $672K | -3.3% |
| 3 Bedrooms | $977.5K | $1.0M | +11.3% |
| 4 Bedrooms | $975K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Oaks North housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 11.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Rancho Bernardo | $812.9K | $901.3K | +10.9% |
| Northeastern San Diego | $920K | $1.0M | +10.2% |
| Oaks North | $760K | $775K | +2.0% |
Housing Supply in Oaks North, CA
How many homes are available in Oaks North, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The Oaks North real estate market had 33 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 23 | +27.8% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oaks North 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 increased by 27.8%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Oaks North, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Oaks North in April 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Oaks North, CA
How long does it take to sell a home in Oaks North, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 41 Days | +92.4% |
Summary: Homes in Oaks North had an average of 41 days on market in Apr 2024, up by 92.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oaks North are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in Oaks North; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.