Is Oakham, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakham is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Oakham has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Oakham, MA

How much do homes in Oakham, MA cost?

Median Sold Price

$525,000

$242/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$69,000(+15.1%)

Key Takeaway

Homes in Oakham have sold for 15.1% more than they did a month ago.

Summary: The median home sold price in Oakham was $525,000 in October 2024, up 15.1% from last month, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$90K
N/A
2 $400K-
N/A
3 $412K$630K
+52.9%
4 $580K-
N/A
5+ -$525K
N/A

Summary: Oakham housing prices by bedroom type for October 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 increased by 52.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Oakham, MA

How many homes are available in Oakham, MA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1413-7.1%

Summary: The Oakham real estate market had 13 homes for sale in October 2024, a 7.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 67
+16.7%
4 43
-25.0%
5+ 22
0.0%

Summary: The Oakham 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 100%, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakham, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Oakham in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Oakham, MA

How long does it take to sell a home in Oakham, MA?

Average Sale Time

Sep 2024Oct 2024CHANGE
33 Days31 Days-6.8%

Summary: Homes in Oakham had an average of 31 days on market in Oct 2024, down by 6.8% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oakham are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Oakham; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 16 Days Ago

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