Is Oakland, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Oakland was a Seller's Market.
Key Takeaway
Oakland is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Oakland, FL
How much do homes in Oakland, FL cost?
Median Sold Price
$565,250
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Oakland have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Oakland was $565,250 in June 2024, up 14.2% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $234.9K | $382.5K | +62.8% |
| 3 Bedrooms | $474.5K | $487.5K | +2.7% |
| 4 Bedrooms | $528K | $601.5K | +13.9% |
| 5+ Bedrooms | $654.9K | $799.9K | +22.1% |
Summary: Oakland housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 62.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 22.1%.
Median Sold Price Compared To Nearby Cities
| Oakland | $495K | $565.2K | +14.2% |
| Southwest Orange | $508.8K | $544.8K | +7.1% |
| Winter Garden | $547.4K | $579.6K | +5.9% |
| Winter Garden-Ocoee | $399.9K | $415K | +3.8% |
Housing Supply in Oakland, FL
How many homes are available in Oakland, FL?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 39 | 34 | -12.8% |
Summary: The Oakland real estate market had 34 homes for sale in June 2024, a 12.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 18 | 14 | -22.2% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Oakland housing inventory by bedroom type for June 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 22.2%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakland, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Oakland in June 2024, down by 44.4% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Oakland, FL
How long does it take to sell a home in Oakland, FL?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 20 Days | 36 Days | +81.5% |
Summary: Homes in Oakland had an average of 36 days on market in Jun 2024, up by 81.5% compared to last year.
Breakdown of Home Sale Times
3 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 Oakland are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 5 homes were sold in Oakland; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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