Bryan Realty

Oakland, TN 38060

Single-Family Homes

Market Report / michael@bryanrealty.com



Oakland, TN 38060

Tue Sep 28 2021
This week the median list price for Oakland, TN 38060 is $344,950 with the market action index hovering around 66. This is less than last month's market action index of 71. Inventory has increased to 30. 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.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Oakland, TN 38060

Tue Sep 28 2021
This week the median list price for Oakland, TN 38060 is $344,950 with the market action index hovering around 66. This is less than last month's market action index of 71. Inventory has increased to 30. 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.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $344,950
Median Price of New Listings $301,990
Per Square Foot $153
Average Days on Market 102
Median Days on Market 11
Price Decreased 7%
Price Increased 3%
Relisted 0%
Inventory 30
Median Rent $2,040
Market Action 66
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$469,900 3,099 5 - 10 acres 4 3 0 0 0 42
$374,900 2,699 0.25 - 0.5 acre 4 3 0 4 0 63
$314,950 2,199 4,500 - 6,500 sqft 3 2 0 5 2 0
$274,990 1,699 2.5 - 5 acres 4 2 2 6 1 0