$10,000 Closing Credit*
$2,000,000
4,162 SqFt
10 Beds
•9 Full Baths
Lady M Guzman, PA, Listing Office: LA ROSA REALTY LLC
Is Oak Ridge, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Oak Ridge was a Seller's Market.
Key Takeaway
Oak Ridge 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 Oak Ridge, FL
How much do homes in Oak Ridge, FL cost?
Median Sold Price
$320,500
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,500(+12.5%)
Key Takeaway
Homes in Oak Ridge have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in Oak Ridge was $320,500 in October 2024, up 12.5% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153K | $141K | -7.8% |
| 2 Bedrooms | $208K | $233K | +12.0% |
| 3 Bedrooms | $290K | $318.9K | +10.0% |
| 4 Bedrooms | $355K | $399.9K | +12.7% |
| 5+ Bedrooms | $790K | $800K | +1.3% |
Summary: Oak Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in Oak Ridge, FL
How many homes are available in Oak Ridge, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 | 74 | +1.4% |
Summary: The Oak Ridge real estate market had 74 homes for sale in October 2024, a 1.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 20 | 22 | +10.0% |
| 3 Bedrooms | 35 | 34 | -2.9% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Oak Ridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 12 | +33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oak Ridge, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Oak Ridge in October 2024, up by 33.3% month-over-month. Of the 12 sold homes, 75% were sold under asking, 8% were sold at asking, and 17% were sold over asking.
Days on Market for Oak Ridge, FL
How long does it take to sell a home in Oak Ridge, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 16 Days | -37.7% |
Summary: Homes in Oak Ridge had an average of 16 days on market in Oct 2024, down by 37.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oak Ridge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Oak Ridge; 83% of homes were sold within 30 days, 17% 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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© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.