Is Oakmont, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakmont is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Oakmont is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Oakmont, PA

How much do homes in Oakmont, PA cost?

Median Sold Price

$340,000

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$55,000(+19.3%)

Key Takeaway

Homes in Oakmont have sold for 19.3% more than they did a year ago.

Summary: The median home sold price in Oakmont was $340,000 in September 2024, up 19.3% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $121.4K$192K
+58.0%
2 $180K$201.7K
+12.1%
3 $260K$340K
+30.8%
4 $578K$770K
+33.2%
5+ $900K$535K
-40.6%

Summary: Oakmont housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 30.8%, 4 bedroom homes increased by 33.2%, and 5+ bedroom homes decreased by 40.6%.

Median Sold Price Compared To Nearby Cities

Oakmont
+19.3%
Plum
+5.4%
Penn Hills Township
+3.0%
Verona
+2.9%

Housing Supply in Oakmont, PA

How many homes are available in Oakmont, PA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4342-2.3%

Summary: The Oakmont real estate market had 42 homes for sale in September 2024, a 2.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 66
0.0%
3 1311
-15.4%
4 1818
0.0%
5+ 45
+25.0%

Summary: The Oakmont housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakmont, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Oakmont in September 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.

Days on Market for Oakmont, PA

How long does it take to sell a home in Oakmont, PA?

Average Sale Time

Sep 2023Sep 2024CHANGE
51 Days26 Days-47.6%

Summary: Homes in Oakmont had an average of 26 days on market in Sep 2024, down by 47.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oakmont are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 7 homes were sold in Oakmont; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% 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 30 Days Ago

Newest Listings in Oakmont, PA

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