Bryan Realty

Oakland, TN 38060

Single-Family Homes

Market Report / michael@bryanrealty.com



Oakland, TN 38060

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Oakland, TN 38060

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $264,900
Per Square Foot $115
Days on Market 152
Price Decreased 16%
Price Increased 25%
Relisted 4%
Inventory 57
Median House Rent $1,225
Most Expensive $454,996
Least Expensive $140,000
Market Action Index
Slight Seller's Advantage
44

We continue to see prices in this zip code bounce around this 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
$334,500 2,999 0.5 - 1 acre 4 3 0 0 1 124
$279,950 2,499 0.25 - 0.5 acre 4 3 0 1 3 256
$249,950 2,099 0.25 - 0.5 acre 4 2 0 2 0 149
$209,900 1,899 0.5 - 1 acre 3 2 5 5 2 85