Is Oak View, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Oak View was a Seller's Market.
Housing Prices in Oak View, CA
How much do homes in Oak View, CA cost?
Median Sold Price
$930,000
$628/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oak View was $930,000 in May 2024, up 11% from last year, and the median price per square foot was $628.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $527K | $640K | +21.4% |
2 Bedrooms | $825K | $705K | -14.5% |
3 Bedrooms | $795K | $930K | +17.0% |
4 Bedrooms | $1.1M | $1.2M | +2.6% |
5+ Bedrooms | $1.2M | $3.6M | +195.8% |
Summary: Oak View housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.4%, 2 bedroom homes decreased by 14.5%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 195.8%.
Median Sold Price Compared To Nearby Cities
Oak View | $837.5K | $930K | +11.0% |
Ojai-Mira Monte | $1.0M | $1.1M | +9.3% |
San Buenaventura (Ventura) | $789.9K | $859.6K | +8.8% |
Housing Supply in Oak View, CA
How many homes are available in Oak View, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 23 | -11.5% |
Summary: The Oak View real estate market had 23 homes for sale in May 2024, a 11.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 2 | -60.0% |
3 Bedrooms | 17 | 13 | -23.5% |
4 Bedrooms | 2 | 6 | +200.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Oak View housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 60%, 3 bedroom homes decreased by 23.5%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Oak View in May 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Oak View, CA
How long does it take to sell a home in Oak View, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 60 Days | +92.0% |
Summary: Homes in Oak View had an average of 60 days on market in May 2024, up by 92% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Oak View; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.