Is Oakwood, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Oakwood was a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $68K | $100K | +47.1% |
2 Bedrooms | $220K | $247.5K | +12.5% |
3 Bedrooms | $299.9K | $308K | +2.7% |
4 Bedrooms | $412.5K | $435K | +5.5% |
5+ Bedrooms | $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%.
Housing Supply in Oakwood, OH
How many homes are available in Oakwood, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
37 | 49 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 16 | 19 | +18.8% |
4 Bedrooms | 10 | 17 | +70.0% |
5+ Bedrooms | 8 | 9 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 11 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
58 Days | 56 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
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.