$10,000 Closing Credit*
$995,000
2,279 SqFt
4 Beds
•3 Full Baths
Ryan C Smith, Listing Office: Home Experts Realty
Is Oakwood, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Oakwood has remained a Seller's Market.
Key Takeaway
Oakwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oakwood, OH
How much do homes in Oakwood, OH cost?
Median Sold Price
$369,500
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$60,500(+19.6%)
Key Takeaway
Homes in Oakwood have sold for 19.6% more than they did a year ago.
Summary: The median home sold price in Oakwood was $369,500 in October 2024, up 19.6% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $101.5K | $112K | +10.3% |
| 2 Bedrooms | $218.4K | $250K | +14.4% |
| 3 Bedrooms | $295.5K | $335K | +13.4% |
| 4 Bedrooms | $434.4K | $431.2K | -0.7% |
| 5+ Bedrooms | $560K | $635K | +13.4% |
Summary: Oakwood housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 13.4%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
| Oakwood | $309K | $369.5K | +19.6% |
| Bedford | $160K | $180K | +12.5% |
Housing Supply in Oakwood, OH
How many homes are available in Oakwood, OH?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 | 60 | -1.6% |
Summary: The Oakwood real estate market had 60 homes for sale in October 2024, a 1.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 16 | 18 | +12.5% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The Oakwood housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 11 | -38.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakwood, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Oakwood in October 2024, down by 38.9% month-over-month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Oakwood, OH
How long does it take to sell a home in Oakwood, OH?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 27 Days | 32 Days | +16.3% |
Summary: Homes in Oakwood had an average of 32 days on market in Oct 2024, up by 16.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Oakwood has remained consistent over time.
Summary: During October 2024, 11 homes were sold in Oakwood; 9% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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Copyright 2024 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is 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 brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
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