$7,480 Closing Credit*
$629,900
4 Beds
•4 Full Baths
Listing Office: Robert Biggs, REALTORS
Is Oakland, MO 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, MO
How much do homes in Oakland, MO cost?
Median Sold Price
$405,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-1.2%)
Key Takeaway
Homes in Oakland have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Oakland was $405,000 in November 2024, down 1.2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $300K | +9.1% |
| 3 Bedrooms | $430.5K | $370K | -14.1% |
| 4 Bedrooms | $527K | $770K | +46.1% |
| 5+ Bedrooms | $617.5K | $1.1M | +86.2% |
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 9.1%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes increased by 46.1%, and 5+ bedroom homes increased by 86.2%.
Median Sold Price Compared To Nearby Cities
| Gravois Township | $264.9K | $285.2K | +7.6% |
| Crestwood | $302.2K | $315K | +4.2% |
| Glendale | $522.5K | $537.5K | +2.9% |
| Jefferson Township | $402.8K | $399K | -0.9% |
| Oakland | $410K | $405K | -1.2% |
Housing Supply in Oakland, MO
How many homes are available in Oakland, MO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Summary: The Oakland real estate market had 3 homes for sale in November 2024, a 25.0% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 1 | 0 | -100.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 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 2 homes were sold or pending in Oakland in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Oakland, MO
How long does it take to sell a home in Oakland, MO?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 55 Days | +378.3% |
Summary: Homes in Oakland had an average of 55 days on market in Nov 2024, up by 378.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oakland are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in Oakland; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.