Is Oakland, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Oakland has remained a Seller's Market.
Key Takeaway
Oakland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oakland, FL
How much do homes in Oakland, FL cost?
Median Sold Price
$562,750
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Oakland have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Oakland was $562,750 in April 2024, up 14.9% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $288.5K | $382.5K | +32.6% |
| 3 Bedrooms | $500K | $475K | -5.0% |
| 4 Bedrooms | $411K | $591.9K | +44.0% |
| 5+ Bedrooms | $656.8K | $799.9K | +21.8% |
Summary: Oakland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.6%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 44%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Cities
| Oakland | $489.9K | $562.7K | +14.9% |
| Winter Garden | $541.7K | $574.9K | +6.1% |
| Southwest Orange | $505.5K | $536.4K | +6.1% |
| Winter Garden-Ocoee | $399.8K | $411.9K | +3.0% |
Housing Supply in Oakland, FL
How many homes are available in Oakland, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 37 | +8.8% |
Summary: The Oakland real estate market had 37 homes for sale in April 2024, a 8.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 9 | 14 | +55.6% |
Summary: The 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 55.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Oakland, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Oakland in April 2024, down by 18.2% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Oakland, FL
How long does it take to sell a home in Oakland, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 20 Days | -51.8% |
Summary: Homes in Oakland had an average of 20 days on market in Apr 2024, down by 51.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oakland are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Oakland; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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