Is Oakland City, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Oakland City was a Seller's Market.
Key Takeaway
Oakland City 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 City, GA
How much do homes in Oakland City, GA cost?
Median Sold Price
$325,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Oakland City have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Oakland City was $325,000 in April 2024, down 1.5% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $177.5K | +4.4% |
| 3 Bedrooms | $327K | $325K | -0.6% |
| 4 Bedrooms | $550.4K | $405K | -26.4% |
| 5+ Bedrooms | $370K | $500K | +35.1% |
Summary: Oakland City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.4%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 26.4%, and 5+ bedroom homes increased by 35.1%.
Housing Supply in Oakland City, GA
How many homes are available in Oakland City, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 66 | +1.5% |
Summary: The Oakland City real estate market had 66 homes for sale in April 2024, a 1.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 6 | -33.3% |
| 3 Bedrooms | 36 | 37 | +2.8% |
| 4 Bedrooms | 16 | 16 | 0.0% |
| 5+ Bedrooms | 4 | 7 | +75.0% |
Summary: The Oakland City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakland City, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Oakland City in April 2024, down by 26.7% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Oakland City, GA
How long does it take to sell a home in Oakland City, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 106 Days | +400.2% |
Summary: Homes in Oakland City had an average of 106 days on market in Apr 2024, up by 400.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oakland City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Oakland City; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.