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 May 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

$360,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$50,000(+16.1%)

Key Takeaway

Homes in Oakwood have sold for 16.1% more than they did a year ago.

Summary: The median home sold price in Oakwood was $360,000 in May 2024, up 16.1% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $103K$100K
-2.9%
2 $225.3K$249.5K
+10.7%
3 $295K$340K
+15.3%
4 $390K$458.3K
+17.5%
5+ $572.5K$660K
+15.3%

Summary: Oakwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 15.3%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 15.3%.

Median Sold Price Compared To Nearby Cities

Oakwood
+16.1%
Dayton
+5.7%
Kettering
+4.5%

Housing Supply in Oakwood, OH

How many homes are available in Oakwood, OH?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6478+21.9%

Summary: The Oakwood real estate market had 78 homes for sale in May 2024, a 21.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 22
0.0%
2 24
+100.0%
3 2734
+25.9%
4 2224
+9.1%
5+ 1114
+27.3%

Summary: The Oakwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1723+35.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakwood, expect to pay close to the asking price. 39.1% of homes here sold near the asking price last month.

Summary: A total of 23 homes were sold or pending in Oakwood in May 2024, up by 35.3% month-over-month. Of the 23 sold homes, 35% were sold under asking, 39% were sold at asking, and 26% 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

May 2023May 2024CHANGE
51 Days46 Days-9.0%

Summary: Homes in Oakwood had an average of 46 days on market in May 2024, down by 9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

18 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 May 2024, 23 homes were sold in Oakwood; 17% of homes were sold within 30 days, 78% of homes were sold within 30 to 90 days, and 4% 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 12 Days Ago

Newest Listings in Oakwood, OH

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