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 March 2023

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.

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

+$72,500(+14.9%)

Key Takeaway

Homes in Oakland have sold for 14.9% more than they did a year ago.

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

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $288.5K$375K
+30.0%
3 $500K$475K
-5.0%
4 $411K$585.2K
+42.4%
5+ $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
+14.9%
Southwest Orange
+6.7%
Winter Garden
+6.4%
Winter Garden-Ocoee
+3.3%

Housing Supply in Oakland, FL

How many homes are available in Oakland, FL?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3933-15.4%

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

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1412
-14.3%
4 149
-35.7%
5+ 911
+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 2024Mar 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakland, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
40 Days95 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 24 Days Ago

Newest Listings in Oakland, FL

Nearby Markets to Oakland, FL

What housing markets are near Oakland, FL?