$9,797 Closing Credit*
$825,000
3,059 SqFt
4 Beds
•3 Full Baths, 1 Partial
Kaitlin LaMacchia, Listing Office: DENIZ REALTY PARTNERS LLC
Is Oakland, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$557,500
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+5.2%)
Key Takeaway
Homes in Oakland have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Oakland was $557,500 in October 2024, up 5.2% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $339.2K | $369.9K | +9.1% |
| 3 Bedrooms | $491.2K | $480K | -2.3% |
| 4 Bedrooms | $580K | $591.9K | +2.1% |
| 5+ Bedrooms | $666K | $787.9K | +18.3% |
Summary: Oakland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Cities
| Southwest Orange | $520.9K | $549.9K | +5.6% |
| Oakland | $530K | $557.5K | +5.2% |
| Winter Garden | $565.6K | $570.4K | +0.8% |
| Winter Garden-Ocoee | $410K | $410K | 0.0% |
Housing Supply in Oakland, FL
How many homes are available in Oakland, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 44 | +4.8% |
Summary: The Oakland real estate market had 44 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 14 | 15 | +7.1% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Oakland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 12 | +140.0% |
Asking Price vs. Sold Price
8 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Oakland in October 2024, up by 140.0% month-over-month. Of the 12 sold homes, 67% were sold under asking, 25% were sold at asking, and 8% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 73 Days | +65.5% |
Summary: Homes in Oakland had an average of 73 days on market in Oct 2024, up by 65.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Oakland are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 12 homes were sold in Oakland; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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