Is Oakmont Village, CA 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, Oakmont Village has remained a Seller's Market.
Key Takeaway
Oakmont Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oakmont Village, CA
How much do homes in Oakmont Village, CA cost?
Median Sold Price
$725,000
$456/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since May 2023.
Key Takeaway
The sold price of homes in Oakmont Village has remained the same since last year.
Summary: The median home sold price in Oakmont Village was $725,000 in May 2024, the same as last year, and the median price per square foot was $456.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $445K | $407.5K | -8.4% |
| 2 Bedrooms | $640K | $671.5K | +4.9% |
| 3 Bedrooms | $850K | $862K | +1.4% |
| 4 Bedrooms | $1.1M | $796.5K | -31.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Oakmont Village housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.4%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes did not change.
Housing Supply in Oakmont Village, CA
How many homes are available in Oakmont Village, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 58 | 57 | -1.7% |
Summary: The Oakmont Village real estate market had 57 homes for sale in May 2024, a 1.7% decrease 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 | 34 | 30 | -11.8% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oakmont Village 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 11.8%, 3 bedroom homes increased by 13.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 17 | -22.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oakmont Village, you could pay more than the asking price. 52.9% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Oakmont Village in May 2024, down by 22.7% month-over-month. Of the 17 sold homes, 18% were sold under asking, 29% were sold at asking, and 53% were sold over asking.
Days on Market for Oakmont Village, CA
We’re sorry, we don't have information for this market at the moment
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.