Is Oakley, NC 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, Oakley was a Seller's Market.
Key Takeaway
Oakley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Oakley, NC
How much do homes in Oakley, NC cost?
Median Sold Price
$415,000
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Oakley have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Oakley was $415,000 in May 2024, up 2.7% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $230K | -16.4% |
| 2 Bedrooms | $300K | $328.9K | +9.7% |
| 3 Bedrooms | $425K | $430K | +1.2% |
| 4 Bedrooms | $462K | $498K | +7.8% |
| 5+ Bedrooms | $578.3K | $540K | -6.6% |
Summary: Oakley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.4%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 6.6%.
Housing Supply in Oakley, NC
How many homes are available in Oakley, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 25 | +31.6% |
Summary: The Oakley real estate market had 25 homes for sale in May 2024, a 31.6% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 7 | 12 | +71.4% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Oakley 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 33.3%, 3 bedroom homes increased by 71.4%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Oakley, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Oakley in May 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Oakley, NC
How long does it take to sell a home in Oakley, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 43 Days | +30.5% |
Summary: Homes in Oakley had an average of 43 days on market in May 2024, up by 30.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Oakley are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Oakley; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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