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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakland is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Oakland was a Seller'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, WI

How much do homes in Oakland, WI cost?

Median Sold Price

$475,000

$199/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,000(+10.5%)

Key Takeaway

Homes in Oakland have sold for 10.5% more than they did a year ago.

Summary: The median home sold price in Oakland was $475,000 in October 2024, up 10.5% from last year, and the median price per square foot was $199.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$200K
N/A
2 $381.5K$239K
-37.4%
3 $430K$492.4K
+14.5%
4 $430K$540K
+25.6%
5+ $561.9K$650K
+15.7%

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 decreased by 37.4%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes increased by 15.7%.

Median Sold Price Compared To Nearby Cities

Oakland
+10.5%
Cambridge
+10.2%
Koshkonong
-18.9%

Housing Supply in Oakland, WI

How many homes are available in Oakland, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
13130.0%

Summary: The Oakland real estate market had 13 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 54
-20.0%
4 22
0.0%
5+ 00
0.0%

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 16.7%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

2 Homes Were 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 Oakland, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Oakland in October 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Oakland, WI

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 20 Days Ago

Newest Listings in Oakland, WI

Nearby Markets to Oakland, WI