$5,284 Closing Credit*
$445,000
1,744 SqFt
3 Beds
•2 Full Baths
Anthony Araujo, 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 September 2023
At the same time last year, Oakmont was a Seller's Market.
Key Takeaway
Oakmont 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 Oakmont, PA
How much do homes in Oakmont, PA cost?
Median Sold Price
$340,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$55,000(+19.3%)
Key Takeaway
Homes in Oakmont have sold for 19.3% more than they did a year ago.
Summary: The median home sold price in Oakmont was $340,000 in September 2024, up 19.3% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121.4K | $192K | +58.0% |
| 2 Bedrooms | $180K | $201.7K | +12.1% |
| 3 Bedrooms | $260K | $340K | +30.8% |
| 4 Bedrooms | $578K | $770K | +33.2% |
| 5+ Bedrooms | $900K | $535K | -40.6% |
Summary: Oakmont housing prices by bedroom type for September 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 30.8%, 4 bedroom homes increased by 33.2%, and 5+ bedroom homes decreased by 40.6%.
Median Sold Price Compared To Nearby Cities
| Oakmont | $285K | $340K | +19.3% |
| Plum | $239.9K | $253K | +5.4% |
| Penn Hills Township | $165K | $170K | +3.0% |
| Verona | $170K | $175K | +2.9% |
Housing Supply in Oakmont, PA
How many homes are available in Oakmont, PA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 43 | 42 | -2.3% |
Summary: The Oakmont real estate market had 42 homes for sale in September 2024, a 2.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 18 | 18 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Oakmont housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakmont, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Oakmont in September 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 51 Days | 26 Days | -47.6% |
Summary: Homes in Oakmont had an average of 26 days on market in Sep 2024, down by 47.6% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were 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 September 2024, 7 homes were sold in Oakmont; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
