Is Oakland, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Oakland was a Buyer's Market.
Housing Prices in Oakland, TN
How much do homes in Oakland, TN cost?
Median Sold Price
$362,495
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oakland was $362,495 in April 2024, up 8.9% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $202.5K | N/A |
3 Bedrooms | $285K | $300K | +5.3% |
4 Bedrooms | $390K | $374.4K | -4.0% |
5+ Bedrooms | $475K | $436K | -8.2% |
Summary: Oakland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 8.2%.
Housing Supply in Oakland, TN
How many homes are available in Oakland, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
103 | 116 | +12.6% |
Summary: The Oakland real estate market had 116 homes for sale in April 2024, a 12.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 32 | 34 | +6.3% |
4 Bedrooms | 56 | 65 | +16.1% |
5+ Bedrooms | 14 | 15 | +7.1% |
Summary: The Oakland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 23 | +27.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Oakland in April 2024, up by 27.8% month-over-month. Of the 23 sold homes, 39% were sold under asking, 48% were sold at asking, and 13% were sold over asking.
Days on Market for Oakland, TN
We’re sorry, we don't have information for this market at the moment