Is Oakmont, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Oakmont was a Seller's Market.
Key Takeaway
Oakmont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oakmont, PA
How much do homes in Oakmont, PA cost?
Median Sold Price
$340,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Oakmont have sold for 14.3% more than they did a year ago.
Summary: The median home sold price in Oakmont was $340,000 in March 2024, up 14.3% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108K | $225K | +108.3% |
| 2 Bedrooms | $178K | $222K | +24.7% |
| 3 Bedrooms | $302.5K | $275K | -9.1% |
| 4 Bedrooms | $573.5K | $584.5K | +1.9% |
| 5+ Bedrooms | $655.2K | $900K | +37.4% |
Summary: Oakmont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 108.3%, 2 bedroom homes increased by 24.7%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 37.4%.
Median Sold Price Compared To Nearby Cities
| Oakmont | $297.5K | $340K | +14.3% |
| Verona | $157.4K | $170K | +8.0% |
| Plum | $229.3K | $240K | +4.7% |
| Penn Hills Township | $161.2K | $165K | +2.4% |
Housing Supply in Oakmont, PA
How many homes are available in Oakmont, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Summary: The Oakmont real estate market had 34 homes for sale in March 2024, a 9.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Oakmont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakmont, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Oakmont in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 84 Days | 92 Days | +9.0% |
Summary: Homes in Oakmont had an average of 92 days on market in Mar 2024, up by 9% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Oakmont has remained consistent over time.
Summary: During March 2024, 4 homes were sold in Oakmont; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
