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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakwood is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Oakwood was a Neutral Market.

Key Takeaway

Oakwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Oakwood, OH

How much do homes in Oakwood, OH cost?

Median Sold Price

$350,000

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$25,100(+7.7%)

Key Takeaway

Homes in Oakwood have sold for 7.7% more than they did a year ago.

Summary: The median home sold price in Oakwood was $350,000 in February 2024, up 7.7% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $68K$100K
+47.1%
2 $220K$247.5K
+12.5%
3 $299.9K$308K
+2.7%
4 $412.5K$435K
+5.5%
5+ $565K$660K
+16.8%

Summary: Oakwood housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.1%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 16.8%.

Median Sold Price Compared To Nearby Cities

Dayton
+44.2%
Kettering
+12.1%
Oakwood
+7.7%

Housing Supply in Oakwood, OH

How many homes are available in Oakwood, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3749+32.4%

Summary: The Oakwood real estate market had 49 homes for sale in February 2024, a 32.4% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 22
0.0%
3 1619
+18.8%
4 1017
+70.0%
5+ 89
+12.5%

Summary: The Oakwood housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 70%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
711+57.1%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakwood, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Oakwood in February 2024, up by 57.1% month-over-month. Of the 11 sold homes, 55% were sold under asking, 18% were sold at asking, and 27% were sold over asking.

Days on Market for Oakwood, OH

How long does it take to sell a home in Oakwood, OH?

Average Sale Time

Feb 2023Feb 2024CHANGE
58 Days56 Days-2.9%

Summary: Homes in Oakwood had an average of 56 days on market in Feb 2024, down by 2.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 11 homes were sold in Oakwood; 18% of homes were sold within 30 days, 73% of homes were sold within 30 to 90 days, and 9% 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 18 Days Ago

Newest Listings in Oakwood, OH

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