$4,156 Closing Credit*
$349,999
1,344 SqFt
3 Beds
•1 Full Bath, 1 Partial
Thomas Cahill, Listing Office: Coldwell Banker Realty
Is Oakmont, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Oakmont was a Neutral Market.
Key Takeaway
Oakmont is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oakmont, PA
How much do homes in Oakmont, PA cost?
Median Sold Price
$337,500
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+17.4%)
Key Takeaway
Homes in Oakmont have sold for 17.4% more than they did a year ago.
Summary: The median home sold price in Oakmont was $337,500 in October 2024, up 17.4% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121.4K | $192K | +58.0% |
| 2 Bedrooms | $180K | $201.7K | +12.1% |
| 3 Bedrooms | $247.4K | $340K | +37.4% |
| 4 Bedrooms | $599K | $770K | +28.5% |
| 5+ Bedrooms | $767.5K | $535K | -30.3% |
Summary: Oakmont housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 37.4%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes decreased by 30.3%.
Median Sold Price Compared To Nearby Cities
| Oakmont | $287.5K | $337.5K | +17.4% |
| Verona | $170K | $180K | +5.9% |
| Penn Hills Township | $165K | $172.8K | +4.8% |
| Plum | $239.9K | $249.9K | +4.2% |
Housing Supply in Oakmont, PA
How many homes are available in Oakmont, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 41 | -2.4% |
Summary: The Oakmont real estate market had 41 homes for sale in October 2024, a 2.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 11 | 13 | +18.2% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Oakmont 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 50%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
4 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 Oakmont, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Oakmont in October 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Oakmont, PA
How long does it take to sell a home in Oakmont, PA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 16 Days | -20.3% |
Summary: Homes in Oakmont had an average of 16 days on market in Oct 2024, down by 20.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oakmont are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Oakmont; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
