Is Oakland, NJ 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, Oakland was a Seller's Market.
Housing Prices in Oakland, NJ
How much do homes in Oakland, NJ cost?
Median Sold Price
$617,500
-
Based on all homes sold in the last 12 months.
Difference Since May 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $166K | $290K | +74.7% |
2 Bedrooms | $407.4K | $480K | +17.8% |
3 Bedrooms | $620K | $598K | -3.5% |
4 Bedrooms | $652K | $687.4K | +5.4% |
5+ Bedrooms | $705K | $904.9K | +28.4% |
Summary: Oakland housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.7%, 2 bedroom homes increased by 17.8%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 28.4%.
Median Sold Price Compared To Nearby Cities
Mahwah Township | $540K | $640K | +18.5% |
Pompton Lakes | $420K | $475K | +13.1% |
Wanaque | $420K | $450.5K | +7.3% |
Oakland | $620K | $617.5K | -0.4% |
Housing Supply in Oakland, NJ
How many homes are available in Oakland, NJ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 44 | +69.2% |
Summary: The Oakland real estate market had 44 homes for sale in May 2024, a 69.2% 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 | 2 | 5 | +150.0% |
3 Bedrooms | 14 | 20 | +42.9% |
4 Bedrooms | 7 | 12 | +71.4% |
5+ Bedrooms | 3 | 7 | +133.3% |
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 increased by 150%, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 71.4%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Oakland in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Oakland, NJ
We’re sorry, we don't have information for this market at the moment