Is Oakwood, GA 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, Oakwood has remained a Seller's Market.
Housing Prices in Oakwood, GA
How much do homes in Oakwood, GA cost?
Median Sold Price
$333,950
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oakwood was $333,950 in May 2024, up 11.3% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $252K | $260K | +3.2% |
3 Bedrooms | $304.9K | $328.8K | +7.8% |
4 Bedrooms | $334.9K | $377.5K | +12.7% |
5+ Bedrooms | $418K | $407.2K | -2.6% |
Summary: Oakwood 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 3.2%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 2.6%.
Median Sold Price Compared To Nearby Cities
Oakwood | $299.9K | $333.9K | +11.3% |
Gainesville | $379.9K | $390.7K | +2.8% |
Flowery Branch | $429.8K | $430.6K | 0.2% |
Housing Supply in Oakwood, GA
How many homes are available in Oakwood, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
63 | 71 | +12.7% |
Summary: The Oakwood real estate market had 71 homes for sale in May 2024, a 12.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 10 | +100.0% |
3 Bedrooms | 26 | 33 | +26.9% |
4 Bedrooms | 21 | 17 | -19.0% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The Oakwood 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 increased by 100%, 3 bedroom homes increased by 26.9%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 18 | +63.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Oakwood in May 2024, up by 63.6% month-over-month. Of the 17 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% were sold over asking.
Days on Market for Oakwood, GA
How long does it take to sell a home in Oakwood, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 31 Days | +48.2% |
Summary: Homes in Oakwood had an average of 31 days on market in May 2024, up by 48.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Oakwood; 67% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.