Is Oakwood, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakwood is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Oakwood was a Seller's Market.

Key Takeaway

Oakwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Oakwood, OH cost?

Median Sold Price

$164,250

$95/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

-$5,700(-3.4%)

Key Takeaway

Homes in Oakwood have sold for 3.4% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 --
N/A
2 $120.5K$111K
-7.8%
3 $144.1K$150K
+4.1%
4 $245K$205K
-16.3%
5+ $227.5K$164.2K
-27.8%

Median Sold Price Compared To Nearby Cities

Bedford
+12.8%
Walton Hills
+5.8%
Oakwood
-3.4%

How many homes are available in Oakwood, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
119-18.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 12
+100.0%
3 74
-42.9%
4 33
0.0%
5+ 00
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakwood, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
64 Days34 Days-47.4%

Breakdown of Home Sale Times

0 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

Avg time on Rocket Homes in Oakwood has remained consistent over time.

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

About Oakwood, OH

Homes for sale in Oakwood, OH have reached 9. The number of listings in Oakwood, OH decreased by 18.2% between October 2022 and November 2022. In November 2022 median list price was $164,250 and the average listing age was 34 days. Listing prices have changed in this real estate market between October 2022 and November 2022: the cost of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went down by 7.8%, 3 bedrooms properties became 4.1% more expensive, 4 bedrooms properties prices decreased by 16.3%, prices of 5 bedrooms properties went down by 27.8%. Volume of homes for sale changed: volume of 1 bedroom homes stayed the same, the quantity of 2 bedrooms homes went up by 100%, volume of 3 bedrooms homes went down by 42.9%, 4 bedrooms homes did not move, 5 bedrooms homes inventory did not change. In November 2022, from all listings sold in Oakwood, OH there were more than 1 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price.

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