Is Oakland, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakland is a neutral's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Oakland was a Buyer's Market.

Key Takeaway

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 Oakland, TN

How much do homes in Oakland, TN cost?

Median Sold Price

$359,950

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$7,450(+2.1%)

Key Takeaway

Homes in Oakland have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Oakland was $359,950 in March 2024, up 2.1% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 -$65K
N/A
3 $300K$299.9K
0%
4 $411.5K$372.9K
-9.4%
5+ -$438.5K
N/A

Summary: Oakland housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes did not change.

Housing Supply in Oakland, TN

How many homes are available in Oakland, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
93101+8.6%

Summary: The Oakland real estate market had 101 homes for sale in March 2024, a 8.6% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 11
0.0%
3 2930
+3.4%
4 4756
+19.1%
5+ 1614
-12.5%

Summary: The Oakland 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 remained the same, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes decreased by 12.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1815-16.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakland, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Oakland in March 2024, down by 16.7% month-over-month. Of the 15 sold homes, 47% were sold under asking, 33% were sold at asking, and 20% were sold over asking.

Days on Market for Oakland, TN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in Oakland, TN

Nearby Markets to Oakland, TN

What housing markets are near Oakland, TN?