$4,839 Closing Credit*
$407,500
3 Beds
•3 Full Baths
Listing Office: Weichert, REALTORS-BenchMark
Is Oakland, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Oakland was a Neutral Market.
Key Takeaway
Oakland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oakland, TN
How much do homes in Oakland, TN cost?
Median Sold Price
$382,400
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,460(+7.7%)
Key Takeaway
Homes in Oakland have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Oakland was $382,400 in November 2024, up 7.7% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $139K | N/A |
| 3 Bedrooms | $298.7K | $340K | +13.8% |
| 4 Bedrooms | $372.9K | $397K | +6.4% |
| 5+ Bedrooms | $435K | $437K | 0.5% |
Summary: Oakland housing prices by bedroom type for November 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 13.8%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 0.5%.
Housing Supply in Oakland, TN
How many homes are available in Oakland, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 138 | 137 | -0.7% |
Summary: The Oakland real estate market had 137 homes for sale in November 2024, a 0.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 52 | 51 | -1.9% |
| 4 Bedrooms | 61 | 56 | -8.2% |
| 5+ Bedrooms | 23 | 28 | +21.7% |
Summary: The Oakland housing inventory by bedroom type for November 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 1.9%, 4 bedroom homes decreased by 8.2%, and 5+ bedroom homes increased by 21.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakland, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Oakland in November 2024, down by 25.0% month-over-month. Of the 18 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.
Days on Market for Oakland, TN
We’re sorry, we don't have information for this market at the moment
