Is Oak Hill, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oak Hill is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Oak Hill has remained a Buyer's Market.

Key Takeaway

Oak Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Oak Hill, FL

How much do homes in Oak Hill, FL cost?

Median Sold Price

$319,990

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$16,490(+5.4%)

Key Takeaway

Homes in Oak Hill have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Oak Hill was $319,990 in February 2024, up 5.4% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $725K-
N/A
2 $290K$275K
-5.2%
3 $285K$297K
+4.2%
4 $432.9K$363.1K
-16.1%
5+ $700K$790K
+12.9%

Summary: Oak Hill 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 decreased by 5.2%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes increased by 12.9%.

Median Sold Price Compared To Nearby Cities

Oak Hill
+5.4%
Edgewater
-0.1%

Housing Supply in Oak Hill, FL

How many homes are available in Oak Hill, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1413-7.1%

Summary: The Oak Hill real estate market had 13 homes for sale in February 2024, a 7.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 01
+100.0%
2 74
-42.9%
3 55
0.0%
4 23
+50.0%
5+ 00
0.0%

Summary: The Oak Hill housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 42.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oak Hill, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Oak Hill in February 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Oak Hill, FL

How long does it take to sell a home in Oak Hill, FL?

Average Sale Time

Feb 2023Feb 2024CHANGE
12 Days10 Days-20.0%

Summary: Homes in Oak Hill had an average of 10 days on market in Feb 2024, down by 20% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 1 homes were sold in Oak Hill; 100% of homes were sold within 30 days, 0% 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 4 Days Ago

Newest Listings in Oak Hill, FL

Nearby Markets to Oak Hill, FL

What housing markets are near Oak Hill, FL?