Is Oakland, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Oakland has remained a Seller's Market.
Housing Prices in Oakland, FL
How much do homes in Oakland, FL cost?
Median Sold Price
$557,500
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oakland was $557,500 in March 2024, up 14.9% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $288.5K | $375K | +30.0% |
3 Bedrooms | $500K | $475K | -5.0% |
4 Bedrooms | $411K | $585.2K | +42.4% |
5+ Bedrooms | $667.9K | $914.9K | +37.0% |
Summary: Oakland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 42.4%, and 5+ bedroom homes increased by 37%.
Median Sold Price Compared To Nearby Cities
Oakland | $485K | $557.5K | +14.9% |
Southwest Orange | $500.4K | $533.9K | +6.7% |
Winter Garden | $540K | $574.5K | +6.4% |
Winter Garden-Ocoee | $399.2K | $412.5K | +3.3% |
Housing Supply in Oakland, FL
How many homes are available in Oakland, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
39 | 33 | -15.4% |
Summary: The Oakland real estate market had 33 homes for sale in March 2024, a 15.4% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 14 | 12 | -14.3% |
4 Bedrooms | 14 | 9 | -35.7% |
5+ Bedrooms | 9 | 11 | +22.2% |
Summary: The Oakland housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 35.7%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 11 | -8.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Oakland in March 2024, down by 8.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 36% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
40 Days | 95 Days | +134.9% |
Summary: Homes in Oakland had an average of 95 days on market in Mar 2024, up by 134.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Oakland; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.