$4,720 Closing Credit*
$397,490
2,601 SqFt
5 Beds
•3 Full Baths
Paul King, Listing Office: DR HORTON REALTY OF CENTRAL FLORIDA LLC
Is Oakland, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$575,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,000(+5.5%)
Key Takeaway
Homes in Oakland have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Oakland was $575,000 in November 2024, up 5.5% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $307K | $374.9K | +22.1% |
| 3 Bedrooms | $499K | $475K | -4.8% |
| 4 Bedrooms | $581K | $596K | +2.6% |
| 5+ Bedrooms | $799.6K | $799.9K | 0.0% |
Summary: Oakland housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 22.1%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Oakland | $545K | $575K | +5.5% |
| Southwest Orange | $524.6K | $549.9K | +4.8% |
| Winter Garden | $564.5K | $570.6K | +1.1% |
| Winter Garden-Ocoee | $409.8K | $412K | 0.5% |
Housing Supply in Oakland, FL
How many homes are available in Oakland, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 27 | -35.7% |
Summary: The Oakland real estate market had 27 homes for sale in November 2024, a 35.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 9 | -40.0% |
| 4 Bedrooms | 14 | 11 | -21.4% |
| 5+ Bedrooms | 11 | 5 | -54.5% |
Summary: The Oakland 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 decreased by 40%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 54.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakland, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Oakland in November 2024, down by 50.0% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 12 Days | 68 Days | +450.9% |
Summary: Homes in Oakland had an average of 68 days on market in Nov 2024, up by 450.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 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 November 2024, 7 homes were sold in Oakland; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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