Bryan Realty

Oakland, TN 38060

Single-Family Homes

Market Report / michael@bryanrealty.com



Oakland, TN 38060

Wed Feb 21 2024
This week the median list price for Oakland, TN 38060 is $414,900 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has decreased to 89. 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 Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Oakland, TN 38060

Wed Feb 21 2024
This week the median list price for Oakland, TN 38060 is $414,900 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has decreased to 89. 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 Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $414,900
Median Price of New Listings $425,000
Per Square Foot $181
Average Days on Market 149
Median Days on Market 112
Price Decreased 19%
Price Increased 11%
Relisted 2%
Inventory 89
Median Rent
Market Action 29
Slight Buyer's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$474,865 2,600 0.25 - 0.5 acre 4 3 1 2 1 140
$434,900 2,400 0.25 - 0.5 acre 4 3 1 3 2 122
$389,900 2,100 0.25 - 0.5 acre 4 2.5 1 1 4 119
$347,900 1,800 8,000 - 10,000 sqft 4 2 1 3 0 28