Is Oak Hill, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oak Hill is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Oak Hill was a Neutral Market.

Key Takeaway

Oak Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Oak Hill, IN

How much do homes in Oak Hill, IN cost?

Median Sold Price

$263,700

$148/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$36,300(-12.1%)

Key Takeaway

Homes in Oak Hill have sold for 12.1% less than they did a month ago.

Summary: The median home sold price in Oak Hill was $263,700 in November 2024, down 12.1% from last month, and the median price per square foot was $148.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$189.9K
N/A
3 $300K$243.5K
-18.8%
4 $304K$340K
+11.8%
5+ --
N/A

Summary: Oak Hill housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 18.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Timber Park
+45.4%
Oak Hill
-12.1%
Bluegrass / Pigeon
-35.1%

Housing Supply in Oak Hill, IN

How many homes are available in Oak Hill, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4850+4.2%

Summary: The Oak Hill real estate market had 50 homes for sale in November 2024, a 4.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 33
0.0%
3 2627
+3.8%
4 1919
0.0%
5+ 00
0.0%

Summary: The Oak Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
816+100.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oak Hill, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Oak Hill in November 2024, up by 100.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 43% were sold at asking, and 7% were sold over asking.

Days on Market for Oak Hill, IN

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Oak Hill, IN

Nearby Markets to Oak Hill, IN