Is Oakland, NJ 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, Oakland has remained a Seller's Market.
Housing Prices in Oakland, NJ
How much do homes in Oakland, NJ cost?
Median Sold Price
$619,000
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oakland was $619,000 in March 2024, up 1.1% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166K | $290K | +74.7% |
2 Bedrooms | $360K | $475K | +31.9% |
3 Bedrooms | $600K | $595K | -0.8% |
4 Bedrooms | $642.5K | $725K | +12.8% |
5+ Bedrooms | $667.5K | $904.9K | +35.6% |
Summary: Oakland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.7%, 2 bedroom homes increased by 31.9%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 35.6%.
Median Sold Price Compared To Nearby Cities
Mahwah Township | $517K | $702.5K | +35.9% |
Pompton Lakes | $415K | $463K | +11.6% |
Wanaque | $414K | $450K | +8.7% |
Oakland | $612.4K | $619K | +1.1% |
Housing Supply in Oakland, NJ
How many homes are available in Oakland, NJ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 23 | +43.8% |
Summary: The Oakland real estate market had 23 homes for sale in March 2024, a 43.8% 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 | 2 | 3 | +50.0% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 4 | 10 | +150.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oakland 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Oakland in March 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Oakland, NJ
We’re sorry, we don't have information for this market at the moment