Is Oakmont, 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, Oakmont was a Buyer's Market.
Key Takeaway
Oakmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oakmont, PA
How much do homes in Oakmont, PA cost?
Median Sold Price
$340,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Oakmont have sold for 10.7% more than they did a year ago.
Summary: The median home sold price in Oakmont was $340,000 in April 2024, up 10.7% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $108K | $225K | +108.3% |
| 2 Bedrooms | $178K | $237K | +33.1% |
| 3 Bedrooms | $307.2K | $270K | -12.1% |
| 4 Bedrooms | $590K | $584.5K | -0.9% |
| 5+ Bedrooms | $655.2K | $767.5K | +17.1% |
Summary: Oakmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 108.3%, 2 bedroom homes increased by 33.1%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Cities
| Oakmont | $307.2K | $340K | +10.7% |
| Plum | $230K | $245K | +6.5% |
| Penn Hills Township | $163.9K | $165K | +0.7% |
| Verona | $168.9K | $170K | +0.6% |
Housing Supply in Oakmont, PA
How many homes are available in Oakmont, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 39 | +14.7% |
Summary: The Oakmont real estate market had 39 homes for sale in April 2024, a 14.7% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Oakmont 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 increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakmont, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Oakmont in April 2024, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 22% were sold at asking, and 33% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 61 Days | +31.9% |
Summary: Homes in Oakmont had an average of 61 days on market in Apr 2024, up by 31.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oakmont are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Oakmont; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
