Is Oakland, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2021
Since last year, Oakland has remained a Seller's Market.
How much do homes in Oakland, MI cost?
Median Sold Price
$615,408
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2021
Median Sold Price By Bedroom Count
# BEDS | May 2021 | May 2022 | % |
---|---|---|---|
1 Bedroom | - | $117.5K | N/A |
2 Bedrooms | $375K | $170K | -54.7% |
3 Bedrooms | $400.5K | $400K | -0.1% |
4 Bedrooms | $585K | $657.5K | +12.4% |
5+ Bedrooms | $707.5K | $785K | +11.0% |
Median Sold Price Compared To Nearby Cities
% | |
---|---|
Orion Charter Township | +14.2% |
Oakland Charter Township | +9.2% |
Addison Township | +8.7% |
Washington | +3.9% |
Oakland | +3.4% |
How many homes are available in Oakland, MI?
Number of Homes For Sale
Apr 2022 | May 2022 | % |
---|---|---|
29 | 31 | +6.9% |
Homes For Sale By Bedroom Count
# BEDS | Apr 2022 | May 2022 | % |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 2 | +100.0% |
3 Bedrooms | 15 | 12 | -20.0% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 3 | 6 | +100.0% |
Number of Homes Sold
Apr 2022 | May 2022 | % |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Average Sale Time
May 2021 | May 2022 | % |
---|---|---|
44 Days | 16 Days | -63.6% |
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days