Is Oakville, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakville is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Oakville was a Seller's Market.

Key Takeaway

Oakville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Oakville, WA

How much do homes in Oakville, WA cost?

Median Sold Price

$483,500

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$105,500(+27.9%)

Key Takeaway

Homes in Oakville have sold for 27.9% more than they did a year ago.

Summary: The median home sold price in Oakville was $483,500 in November 2024, up 27.9% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $294.5K$530K
+80.0%
3 $380K$435K
+14.5%
4 $380K$506K
+33.2%
5+ $325K$635K
+95.4%

Summary: Oakville 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 increased by 80%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 33.2%, and 5+ bedroom homes increased by 95.4%.

Housing Supply in Oakville, WA

How many homes are available in Oakville, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1211-8.3%

Summary: The Oakville real estate market had 11 homes for sale in November 2024, a 8.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 910
+11.1%
4 21
-50.0%
5+ 00
0.0%

Summary: The Oakville 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 decreased by 100%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakville, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Oakville in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Oakville, WA

How long does it take to sell a home in Oakville, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
81 Days14 Days-82.7%

Summary: Homes in Oakville had an average of 14 days on market in Nov 2024, down by 82.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oakville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 1 homes were sold in Oakville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 17 Days Ago

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