$5,166 Closing Credit*
$435,000
2,117 SqFt
3 Beds
•2 Full Baths
Tosha Thornton, Listing Office: Southlake Realty of Atlanta
Is Oakland City, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Oakland City has remained a Buyer's Market.
Key Takeaway
Oakland City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oakland City, GA
How much do homes in Oakland City, GA cost?
Median Sold Price
$278,500
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$50,000(-15.2%)
Key Takeaway
Homes in Oakland City have sold for 15.2% less than they did a year ago.
Summary: The median home sold price in Oakland City was $278,500 in December 2024, down 15.2% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175K | $185K | +5.7% |
| 3 Bedrooms | $328.5K | $278.5K | -15.2% |
| 4 Bedrooms | $422.5K | $475K | +12.4% |
| 5+ Bedrooms | $457.5K | $560K | +22.4% |
Summary: Oakland City housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.7%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes increased by 22.4%.
Housing Supply in Oakland City, GA
How many homes are available in Oakland City, GA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 52 | 64 | +23.1% |
Summary: The Oakland City real estate market had 64 homes for sale in December 2024, a 23.1% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 26 | 31 | +19.2% |
| 4 Bedrooms | 13 | 19 | +46.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Oakland City housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 6 | 1 | -83.3% |
Asking Price vs. Sold Price
1 Home Was 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 City, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Oakland City in December 2024, down by 83.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Oakland City, GA
How long does it take to sell a home in Oakland City, GA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 26 Days | 4 Days | -84.8% |
Summary: Homes in Oakland City had an average of 4 days on market in Dec 2024, down by 84.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oakland City are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1 homes were sold in Oakland City; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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