Is Oakland, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Oakland has remained a Seller's Market.
Housing Prices in Oakland, FL
How much do homes in Oakland, FL cost?
Median Sold Price
$580,000
$247/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oakland was $580,000 in May 2024, up 18.4% from last year, and the median price per square foot was $247.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $288.5K | $382.5K | +32.6% |
3 Bedrooms | $492.5K | $491.2K | -0.3% |
4 Bedrooms | $494.9K | $612.5K | +23.8% |
5+ Bedrooms | $654.9K | $799.9K | +22.1% |
Summary: Oakland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.6%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 22.1%.
Median Sold Price Compared To Nearby Cities
Oakland | $489.9K | $580K | +18.4% |
Southwest Orange | $501.8K | $539.9K | +7.6% |
Winter Garden | $547K | $575.4K | +5.2% |
Winter Garden-Ocoee | $400.2K | $414.9K | +3.7% |
Housing Supply in Oakland, FL
How many homes are available in Oakland, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 39 | +2.6% |
Summary: The Oakland real estate market had 39 homes for sale in May 2024, a 2.6% increase 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 | 1 | 0 | -100.0% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 10 | 13 | +30.0% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Oakland 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 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 7 | -30.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Oakland in May 2024, down by 30.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Oakland, FL
How long does it take to sell a home in Oakland, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 18 Days | -35.0% |
Summary: Homes in Oakland had an average of 18 days on market in May 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 7 homes were sold in Oakland; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.