Is South Oakland, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, South Oakland was a Seller's Market.
Key Takeaway
South Oakland 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 South Oakland, PA
How much do homes in South Oakland, PA cost?
Median Sold Price
$245,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South Oakland have sold for 3.9% less than they did a year ago.
Summary: The median home sold price in South Oakland was $245,000 in April 2024, down 3.9% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157K | $136.5K | -13.1% |
| 2 Bedrooms | $218K | $185K | -15.1% |
| 3 Bedrooms | $257.4K | $274K | +6.4% |
| 4 Bedrooms | $305K | $222.5K | -27.0% |
| 5+ Bedrooms | $324K | $345K | +6.5% |
Summary: South Oakland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes decreased by 15.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 27%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Oakland | $270K | $285K | +5.6% |
| South Oakland | $255K | $245K | -3.9% |
| Greenfield | $253.7K | $235K | -7.4% |
Housing Supply in South Oakland, PA
How many homes are available in South Oakland, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 12 | +9.1% |
Summary: The South Oakland real estate market had 12 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Oakland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Oakland, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in South Oakland in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for South Oakland, PA
How long does it take to sell a home in South Oakland, PA?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Oakland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in South Oakland; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
