Is Oakland, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakland is a seller's market

Buyer's
Market

Difference Since November 2021

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

Key Takeaway

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

How much do homes in Oakland, FL cost?

Median Sold Price

$459,270

$233/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$16,020(+3.6%)

Key Takeaway

Homes in Oakland have sold for 3.6% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $273.2K$387.5K
+41.8%
3 $412.9K$465K
+12.6%
4 $402.9K$459.2K
+14.0%
5+ $675K$690K
+2.2%

Median Sold Price Compared To Nearby Cities

Winter Garden
+22.1%
Winter Garden-Ocoee
+19.6%
Southwest Orange
+15.7%
Oakland
+3.6%

How many homes are available in Oakland, FL?

Number of Homes For Sale

Oct 2022Nov 2022%
3830-21.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 23
+50.0%
3 1511
-26.7%
4 1410
-28.6%
5+ 76
-14.3%

Number of Homes Sold

Oct 2022Nov 2022%
510+100.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakland, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
49 Days40 Days-18.2%

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Oakland, FL

There are 30 homes are for sale in Oakland, FL real estate market. Between October 2022 and November 2022, Oakland, FL real estate market has seen decrease in the number of listings by 21.1%. In November 2022 median list price was $459,270 and the average listing age was 40 days. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 41.8% more expensive, prices of 3 bedrooms properties increased by 12.6%, 4 bedrooms properties prices increased by 14%, the cost of 5 bedrooms properties went up by 2.2%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went up by 50%, 3 bedrooms homes inventory decreased by 26.7%, the quantity of 4 bedrooms homes went down by 28.6%, 5 bedrooms homes became 14.3% less available. In November 2022 more than 2 listings in Oakland, FL were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 5 were sold below.

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