$5,522 Closing Credit*
$465,000
2,784 SqFt
4 Beds
•3 Full Baths
Michael L. Poskochil, Listing Office: Woods Bros Realty
Is Oak, NE a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Oak was a Neutral Market.
Key Takeaway
Oak is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oak, NE
How much do homes in Oak, NE cost?
Median Sold Price
$485,000
$164/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$70,100(+16.9%)
Key Takeaway
Homes in Oak have sold for 16.9% more than they did a month ago.
Summary: The median home sold price in Oak was $485,000 in October 2024, up 16.9% from last month, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $364.9K | - | N/A |
| 3 Bedrooms | - | $390K | N/A |
| 4 Bedrooms | $549.9K | $650K | +18.2% |
| 5+ Bedrooms | - | $485K | N/A |
Summary: Oak 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 did not change, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Oak | $414.9K | $485K | +16.9% |
| Lincoln | $299.2K | $289.5K | -3.3% |
Housing Supply in Oak, NE
How many homes are available in Oak, NE?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Oak real estate market had 20 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 10 | 12 | +20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Oak 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 25%, 3 bedroom homes decreased by 40%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Oak, 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 Oak in October 2024, up by 66.7% 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 Oak, NE
How long does it take to sell a home in Oak, NE?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 65 Days | +464.0% |
Summary: Homes in Oak had an average of 65 days on market in Oct 2024, up by 464% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oak are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Oak; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2024 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.