$8,609 Closing Credit*
$725,000
3,612 SqFt
3 Beds
•2 Full Baths, 1 Partial
#73298135, James Brown, Listing Office: Brown & Brown Real Estate
Is Oakham, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Oakham has remained a Seller's Market.
Key Takeaway
Oakham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oakham, MA
How much do homes in Oakham, MA cost?
Median Sold Price
$412,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$43,000(-9.5%)
Key Takeaway
Homes in Oakham have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Oakham was $412,000 in September 2024, down 9.5% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $260K | N/A |
| 2 Bedrooms | - | $400K | N/A |
| 3 Bedrooms | $455K | $390K | -14.3% |
| 4 Bedrooms | $481.2K | $580K | +20.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: Oakham housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Spencer | $381K | $418K | +9.7% |
| Barre | $361K | $392.5K | +8.7% |
| Rutland | $452.5K | $485K | +7.2% |
| Paxton | $475K | $500K | +5.3% |
| Oakham | $455K | $412K | -9.5% |
Housing Supply in Oakham, MA
How many homes are available in Oakham, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Summary: The Oakham real estate market had 12 homes for sale in September 2024, a 20.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Oakham housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 0 | 4 | +100.0% |
Asking Price vs. Sold Price
2 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 Oakham, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Oakham in September 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Oakham, MA
How long does it take to sell a home in Oakham, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 16 Days | 33 Days | +107.8% |
Summary: Homes in Oakham had an average of 33 days on market in Sep 2024, up by 107.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oakham are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 4 homes were sold in Oakham; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
