$3,561 Closing Credit*
$299,900
3 Beds
•2 Full Baths
Listing Office: Petrova Realty, LLC
Is Oakland, TN 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, Oakland was a Buyer's Market.
Key Takeaway
Oakland 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 Oakland, TN
How much do homes in Oakland, TN cost?
Median Sold Price
$387,400
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$32,510(+9.2%)
Key Takeaway
Homes in Oakland have sold for 9.2% more than they did a year ago.
Summary: The median home sold price in Oakland was $387,400 in October 2024, up 9.2% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $296.1K | $344.9K | +16.5% |
| 4 Bedrooms | $372.7K | $384.9K | +3.2% |
| 5+ Bedrooms | $435K | $440.9K | +1.4% |
Summary: Oakland housing prices by bedroom type for October 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 16.5%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 1.4%.
Housing Supply in Oakland, TN
How many homes are available in Oakland, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 116 | 133 | +14.7% |
Summary: The Oakland real estate market had 133 homes for sale in October 2024, a 14.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 48 | 51 | +6.3% |
| 4 Bedrooms | 51 | 63 | +23.5% |
| 5+ Bedrooms | 17 | 18 | +5.9% |
Summary: The Oakland 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 increased by 100%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 22 | +266.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakland, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 22 homes were sold or pending in Oakland in October 2024, up by 266.7% month-over-month. Of the 22 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.
Days on Market for Oakland, TN
We’re sorry, we don't have information for this market at the moment
