$298,500
4.94 Acres
Land
#1586481, Deb Hitchcock-Gale, Listing Office: Lakeside Realty Group
Is Oakland, WI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Oakland has remained a Seller'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, WI
How much do homes in Oakland, WI cost?
Median Sold Price
$383,500
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$6,200(+1.6%)
Key Takeaway
Homes in Oakland have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Oakland was $383,500 in October 2024, up 1.6% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $377.3K | $365K | -3.3% |
| 2 Bedrooms | $228K | $305K | +33.8% |
| 3 Bedrooms | $435K | $386.7K | -11.1% |
| 4 Bedrooms | $100K | $776K | +676.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Oakland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes increased by 33.8%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 676%, and 5+ bedroom homes did not change.
Housing Supply in Oakland, WI
How many homes are available in Oakland, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 25 | 0.0% |
Summary: The Oakland real estate market had 25 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 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 decreased by 11.1%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 10 | +400.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakland, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Oakland in October 2024, up by 400.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Oakland, WI
How long does it take to sell a home in Oakland, WI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 57 Days | +71.9% |
Summary: Homes in Oakland had an average of 57 days on market in Oct 2024, up by 71.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oakland are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Oakland; 20% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
