Bryan Realty

Oakland, TN 38060

Single-Family Homes

Market Report / michael@bryanrealty.com



Oakland, TN 38060

Mon Oct 03 2022
This week the median list price for Oakland, TN 38060 is $397,400 with the market action index hovering around 43. This is less than last month's market action index of 48. Inventory has increased to 46. Click here to stay informed with the Oakland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Oakland, TN 38060

Mon Oct 03 2022
This week the median list price for Oakland, TN 38060 is $397,400 with the market action index hovering around 43. This is less than last month's market action index of 48. Inventory has increased to 46. Click here to stay informed with the Oakland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $397,400
Median Price of New Listings $366,900
Per Square Foot $174
Average Days on Market 110
Median Days on Market 46
Price Decreased 41%
Price Increased 2%
Relisted 7%
Inventory 46
Median Rent
Market Action 43
Slight Seller's Advantage

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$610,500 2,899 5 - 10 acres 4 3 15 0 1 98
$445,000 2,899 0.25 - 0.5 acre 4 3 0 0 2 77
$377,495 2,099 4,500 - 6,500 sqft 4 2.5 0 2 2 42
$328,995 1,799 8,000 - 10,000 sqft 3 2 2 1 2 28