Is Oakdale, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakdale is a seller's market

Buyer's
Market

Difference Since September 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, MN

How much do homes in Oakdale, MN cost?

Median Sold Price

$340,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,000(+3.0%)

Key Takeaway

Homes in Oakdale have sold for 3% more than they did a year ago.

Summary: The median home sold price in Oakdale was $340,000 in September 2024, up 3% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $285.5K$185K
-35.2%
2 $239.9K$245K
+2.1%
3 $340.5K$333.9K
-1.9%
4 $401K$422.2K
+5.3%
5+ $402.5K$475K
+18.0%

Summary: Oakdale housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.2%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 18%.

Median Sold Price Compared To Nearby Cities

Lake Elmo
+6.3%
Oakdale
+3.0%
North Saint Paul
+1.6%

Housing Supply in Oakdale, MN

How many homes are available in Oakdale, MN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
107105-1.9%

Summary: The Oakdale real estate market had 105 homes for sale in September 2024, a 1.9% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 2625
-3.8%
3 4641
-10.9%
4 2831
+10.7%
5+ 78
+14.3%

Summary: The Oakdale 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 decreased by 3.8%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3526-25.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakdale, you could pay more than the asking price. 38.5% of homes here sold above asking price last month.

Summary: A total of 26 homes were sold or pending in Oakdale in September 2024, down by 25.7% month-over-month. Of the 26 sold homes, 31% were sold under asking, 31% were sold at asking, and 38% were sold over asking.

Days on Market for Oakdale, MN

How long does it take to sell a home in Oakdale, MN?

Average Sale Time

Sep 2023Sep 2024CHANGE
21 Days22 Days+7.5%

Summary: Homes in Oakdale had an average of 22 days on market in Sep 2024, up by 7.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oakdale are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 26 homes were sold in Oakdale; 69% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

Newest Listings in Oakdale, MN

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