Is Oakdale, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Oakdale has remained a Seller's Market.
Key Takeaway
Oakdale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oakdale, MI
How much do homes in Oakdale, MI cost?
Median Sold Price
$202,500
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Oakdale have sold for 11% more than they did a year ago.
Summary: The median home sold price in Oakdale was $202,500 in March 2024, up 11% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $173.1K | $215K | +24.2% |
| 3 Bedrooms | $187.5K | $185K | -1.3% |
| 4 Bedrooms | $156K | $218.1K | +39.9% |
| 5+ Bedrooms | $184.9K | - | N/A |
Summary: Oakdale 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 24.2%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 39.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Oakdale | $182.5K | $202.5K | +11.0% |
| South East End | $220K | $239.9K | +9.1% |
Housing Supply in Oakdale, MI
How many homes are available in Oakdale, MI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Summary: The Oakdale real estate market had 4 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oakdale 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 remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +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
Key Takeaway
If you're buying a home in Oakdale, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Oakdale in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Oakdale, MI
How long does it take to sell a home in Oakdale, MI?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 9 Days | +33.3% |
Summary: Homes in Oakdale had an average of 9 days on market in Mar 2024, up by 33.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oakdale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Oakdale; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
