$3,205 Closing Credit*
$269,900
2,338 SqFt
4 Beds
•2 Full Baths
Jay Kass, Listing Office: Re/Max Select Realty
Is Oakland, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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, PA
How much do homes in Oakland, PA cost?
Median Sold Price
$282,250
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$5,250(-1.8%)
Key Takeaway
Homes in Oakland have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Oakland was $282,250 in December 2024, down 1.8% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $169K | -3.4% |
| 2 Bedrooms | $279K | $315K | +12.9% |
| 3 Bedrooms | $300K | $334.2K | +11.4% |
| 4 Bedrooms | $300K | $330K | +10.0% |
| 5+ Bedrooms | $440K | $452.5K | +2.8% |
Summary: Oakland housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 12.9%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 2.8%.
Housing Supply in Oakland, PA
How many homes are available in Oakland, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 33 | 28 | -15.2% |
Summary: The Oakland real estate market had 28 homes for sale in December 2024, a 15.2% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Oakland housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
6 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 Oakland, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Oakland in December 2024, down by 12.5% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Oakland, PA
How long does it take to sell a home in Oakland, PA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 29 Days | 62 Days | +110.0% |
Summary: Homes in Oakland had an average of 62 days on market in Dec 2024, up by 110% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Oakland has remained consistent over time.
Summary: During December 2024, 7 homes were sold in Oakland; 14% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
