$1,780 Closing Credit*
$149,900
1,644 SqFt
3 Beds
•1 Full Bath
Matthew D Kennedy, Listing Office: Keller Williams Realty WNY
Is Oakfield, NY 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, Oakfield was a Seller's Market.
Key Takeaway
Oakfield 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 Oakfield, NY
How much do homes in Oakfield, NY cost?
Median Sold Price
$155,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$55,000(-26.2%)
Key Takeaway
Homes in Oakfield have sold for 26.2% less than they did a year ago.
Summary: The median home sold price in Oakfield was $155,000 in November 2024, down 26.2% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $226K | $150K | -33.6% |
| 3 Bedrooms | $184.9K | $170K | -8.1% |
| 4 Bedrooms | $199.9K | $141K | -29.5% |
| 5+ Bedrooms | $382.5K | - | N/A |
Summary: Oakfield 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 decreased by 33.6%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 29.5%, and 5+ bedroom homes did not change.
Housing Supply in Oakfield, NY
How many homes are available in Oakfield, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The Oakfield real estate market had 6 homes for sale in November 2024, a 14.3% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Oakfield 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Oakfield, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Oakfield in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Oakfield, NY
How long does it take to sell a home in Oakfield, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 7 Days | -74.2% |
Summary: Homes in Oakfield had an average of 7 days on market in Nov 2024, down by 74.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oakfield are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1 homes were sold in Oakfield; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
