Is Oakville, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakville is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Oakville was a Buyer's Market.

Key Takeaway

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

Housing Prices in Oakville, CT

How much do homes in Oakville, CT cost?

Median Sold Price

$287,450

$201/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$17,450(+6.5%)

Key Takeaway

Homes in Oakville have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Oakville was $287,450 in February 2024, up 6.5% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $176.2K-
N/A
2 $232.2K$255K
+9.8%
3 $272K$290K
+6.6%
4 $275K$269.9K
-1.9%
5+ $321.2K$307.5K
-4.3%

Summary: Oakville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 6.6%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes decreased by 4.3%.

Median Sold Price Compared To Nearby Cities

Waterbury
+15.2%
Watertown
+12.5%
Oakville
+6.5%

Housing Supply in Oakville, CT

How many homes are available in Oakville, CT?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1211-8.3%

Summary: The Oakville real estate market had 11 homes for sale in February 2024, a 8.3% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 109
-10.0%
4 11
0.0%
5+ 10
-100.0%

Summary: The Oakville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
440.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakville, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Oakville in February 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Oakville, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Oakville, CT

Nearby Markets to Oakville, CT

What housing markets are near Oakville, CT?