Is Oakland, TN 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, Oakland was a Buyer's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $65K | N/A |
3 Bedrooms | $300K | $299.9K | 0% |
4 Bedrooms | $411.5K | $372.9K | -9.4% |
5+ Bedrooms | - | $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 2024 | Mar 2024 | CHANGE |
---|---|---|
93 | 101 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 29 | 30 | +3.4% |
4 Bedrooms | 47 | 56 | +19.1% |
5+ Bedrooms | 16 | 14 | -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 2024 | Mar 2024 | CHANGE |
---|---|---|
18 | 15 | -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
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