Listing Office: Pinnacle Lifestyle Realty LLC
Is Oakley, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Oakley was a Seller's Market.
Key Takeaway
Oakley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Oakley, NC
How much do homes in Oakley, NC cost?
Median Sold Price
$407,500
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,500(-0.6%)
Key Takeaway
Homes in Oakley have sold for 0.6% less than they did a year ago.
Summary: The median home sold price in Oakley was $407,500 in November 2024, down 0.6% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222.5K | $230K | +3.4% |
| 2 Bedrooms | $327.7K | $315K | -3.9% |
| 3 Bedrooms | $425.7K | $437K | +2.6% |
| 4 Bedrooms | $499K | $520K | +4.2% |
| 5+ Bedrooms | $470K | $572K | +21.7% |
Summary: Oakley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 3.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 21.7%.
Housing Supply in Oakley, NC
How many homes are available in Oakley, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 26 | -3.7% |
Summary: The Oakley real estate market had 26 homes for sale in November 2024, a 3.7% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Oakley 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 increased by 33.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Oakley, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Oakley in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Oakley, NC
How long does it take to sell a home in Oakley, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 87 Days | +429.6% |
Summary: Homes in Oakley had an average of 87 days on market in Nov 2024, up by 429.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Oakley has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Oakley; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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