$8,669 Closing Credit*
$729,990
2,712 SqFt
5 Beds
•3 Full Baths
Nori Fraticelli, Listing Office: LPT REALTY
Is Oak Ridge, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Oak Ridge was a Seller's Market.
Key Takeaway
Oak Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oak Ridge, FL
How much do homes in Oak Ridge, FL cost?
Median Sold Price
$323,500
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,500(+12.3%)
Key Takeaway
Homes in Oak Ridge have sold for 12.3% more than they did a year ago.
Summary: The median home sold price in Oak Ridge was $323,500 in November 2024, up 12.3% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $153K | $141K | -7.8% |
| 2 Bedrooms | $208K | $230.3K | +10.7% |
| 3 Bedrooms | $290K | $323.5K | +11.6% |
| 4 Bedrooms | $399K | $415K | +4.0% |
| 5+ Bedrooms | $415K | $830.6K | +100.1% |
Summary: Oak Ridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.8%, 2 bedroom homes increased by 10.7%, 3 bedroom homes increased by 11.6%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 100.1%.
Housing Supply in Oak Ridge, FL
How many homes are available in Oak Ridge, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 77 | +4.1% |
Summary: The Oak Ridge real estate market had 77 homes for sale in November 2024, a 4.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 20 | 20 | 0.0% |
| 3 Bedrooms | 35 | 35 | 0.0% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Oak Ridge housing inventory by bedroom type for November 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 increased by 16.7%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Asking Price vs. Sold Price
7 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. 70% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Oak Ridge in November 2024, down by 16.7% month-over-month. Of the 10 sold homes, 70% were sold under asking, 10% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 19 Days | 15 Days | -20.1% |
Summary: Homes in Oak Ridge had an average of 15 days on market in Nov 2024, down by 20.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oak Ridge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 10 homes were sold in Oak Ridge; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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