Is Oakwood, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakwood is a buyer's market

Buyer's
Market

Difference Since April 2021

At the same time last year, Oakwood was a Seller's Market.

Key Takeaway

Oakwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Oakwood, GA cost?

Median Sold Price

$240,800

$156/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$50,900(+26.8%)

Key Takeaway

Homes in Oakwood have sold for 26.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 --
N/A
2 $169K$200K
+18.3%
3 $200K$256K
+28.0%
4 $259.7K$303K
+16.7%
5+ $130K$460K
+253.8%

Median Sold Price Compared To Nearby Cities

Oakwood
+26.8%
Flowery Branch
+25.6%
Gainesville
+22.2%

How many homes are available in Oakwood, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
913+44.4%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 34
+33.3%
3 35
+66.7%
4 24
+100.0%
5+ 10
-100.0%

Number of Homes Sold

Mar 2022Apr 2022%
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakwood, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
12 Days3 Days-75.7%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oakwood 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 Oakwood, GA

Oakwood, GA has 13 homes on the market. The number of homes for sale in Oakwood, GA increased by 44.4% between March 2022 and April 2022. While the average time on the market in April 2022 was 3 days, the median list price was $240,800. Real estate listing prices changed between March 2022 and April 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 18.3%, the cost of 3 bedrooms properties went up by 28%, the cost of 4 bedrooms properties went up by 16.7%, prices of 5 bedrooms properties went up by 253.8%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes increased by 33.3%, 3 bedrooms homes became 66.7% more available, volume of 4 bedrooms homes went up by 100%, volume of 5 bedrooms homes went down by 100%. In April 2022 more than 1 listings in Oakwood, GA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 0 were sold below.

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