Is Oakland, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakland is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Oakland was a Buyer'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, 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

+$29,595(+8.9%)

Key Takeaway

Homes in Oakland have sold for 8.9% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 -$202.5K
N/A
3 $285K$300K
+5.3%
4 $390K$374.4K
-4.0%
5+ $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 2024Apr 2024CHANGE
103116+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

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 3234
+6.3%
4 5665
+16.1%
5+ 1415
+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 2024Apr 2024CHANGE
1823+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakland, expect to pay close to the asking price. 47.8% of homes here sold near the asking price last month.

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Oakland, TN

Nearby Markets to Oakland, TN

What housing markets are near Oakland, TN?