Is Oakham, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakham is a seller's market

Buyer's
Market

Difference Since July 2021

At the same time last year, Oakham was a Buyer's Market.

Key Takeaway

Oakham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Oakham, MA cost?

Median Sold Price

$500,000

$208/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$155,000(+44.9%)

Key Takeaway

Homes in Oakham have sold for 44.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 --
N/A
2 -$312K
N/A
3 $329K$502.5K
+52.7%
4 $397.5K$525K
+32.1%
5+ $1.0M$442.5K
-56.8%

Median Sold Price Compared To Nearby Cities

Oakham
+44.9%
Barre
+33.3%
Rutland
+25.9%
North Brookfield
+9.0%

How many homes are available in Oakham, MA?

Number of Homes For Sale

Jun 2022Jul 2022%
97-22.2%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 11
0.0%
3 75
-28.6%
4 11
0.0%
5+ 00
0.0%

Number of Homes Sold

Jun 2022Jul 2022%
13+200.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakham, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
44 Days27 Days-37.1%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oakham 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 Oakham, MA

Oakham, MA has 7 homes on the market. The number of homes for sale in Oakham, MA decreased by 22.2% between June 2022 and July 2022. The median list price of listings available in July 2022 was $500,000, while the average time on the real estate market was 27 days. This housing market listing prices have changed between June 2022 and July 2022: prices of 1 bedroom properties increased by 0%, prices of 2 bedrooms properties increased by 0%, prices of 3 bedrooms properties increased by 52.7%, 4 bedrooms properties became 32.1% more expensive, 5 bedrooms properties became 56.8% more cheaper. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes inventory did not change, 2 bedrooms homes did not move, volume of 3 bedrooms homes went down by 28.6%, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes stayed the same. In July 2022, from all listings sold in Oakham, MA there were more than 2 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.

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