Is Oakwood, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Oakwood has remained a Seller's 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
$384,500
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Oakwood have sold for 22.1% more than they did a year ago.
Summary: The median home sold price in Oakwood was $384,500 in June 2024, up 22.1% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $103K | $92.4K | -10.2% |
| 2 Bedrooms | $222K | $250K | +12.6% |
| 3 Bedrooms | $295K | $350K | +18.6% |
| 4 Bedrooms | $422.4K | $459.1K | +8.7% |
| 5+ Bedrooms | $580K | $650K | +12.1% |
Summary: Oakwood housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.2%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 12.1%.
Housing Supply in Oakwood, OH
How many homes are available in Oakwood, OH?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 80 | 77 | -3.8% |
Summary: The Oakwood real estate market had 77 homes for sale in June 2024, a 3.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 34 | 38 | +11.8% |
| 4 Bedrooms | 25 | 19 | -24.0% |
| 5+ Bedrooms | 15 | 16 | +6.7% |
Summary: The Oakwood housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 24%, and 5+ bedroom homes increased by 6.7%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakwood, you may be able to get a good deal. 34.5% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Oakwood in June 2024, up by 3.6% month-over-month. Of the 29 sold homes, 34% were sold under asking, 34% were sold at asking, and 31% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 59 Days | 74 Days | +25.6% |
Summary: Homes in Oakwood had an average of 74 days on market in Jun 2024, up by 25.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Oakwood has remained consistent over time.
Summary: During June 2024, 29 homes were sold in Oakwood; 17% of homes were sold within 30 days, 62% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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