Oakland, NJ Housing Market
The Oakland housing market is somewhat competitive. The median sale price of a home in Oakland was $673K last month, up 5.9% since last year. The median sale price per square foot in Oakland is $358, up 1.8% since last year.
Oakland Housing Market Trends
In March 2024, Oakland home prices were up 5.9% compared to last year, selling for a median price of $673K. On average, homes in Oakland sell after 58 days on the market compared to 35 days last year. There were 8 homes sold in March this year, down from 11 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Oakland housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Some homes get multiple offers.
- The average homes sell for about 4% above list price and go pending in around 52 days.
- Hot homescan sell for about 10% above list price and go pending in around 22 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Some homes get multiple offers.
- The average homes sell for about 2% above list price and go pending in around 74 days.
- Hot homescan sell for about 7% above list price and go pending in around 41 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 3% above list price and go pending in around 29 days.
- Hot homescan sell for about 9% above list price and go pending in around 15 days.
Oakland Migration & Relocation Trends
- Across the nation, 3% of homebuyers searched to move into Oakland from outside metros.
- Peoria homebuyers searched to move into Oakland more than any other metro followed by Springfield and Lincoln.
- 70% of Oakland homebuyers searched to stay within the Oakland metropolitan area.
- Miami was the most popular destination among Oakland homebuyers followed by Philadelphia and Washington.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 6 | ||
2 | 5 | ||
3 | 5 | ||
4 | 2 | ||
5 | 2 | ||
6 | 1 | ||
7 | 1 | ||
8 | 0 | ||
9 | 0 | ||
10 | 0 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 6,754 | ||
2 | 4,058 | ||
3 | 3,185 | ||
4 | 2,755 | ||
5 | 2,367 | ||
6 | 2,152 | ||
7 | 1,814 | ||
8 | 1,636 | ||
9 | 1,547 | ||
10 | 1,491 |
Home offer insights for Oakland
Recent offers
View houses in Oakland that sold recently
Recently sold homes
- Sign in for price Last Sold Price—beds—baths2,676 sq ft3 Osage Rd, Oakland, NJ 07436Days on Market—3 Osage Rd, Oakland, NJ 07436
- $580,000 Last Sold Price3 beds1 bath—sq ft65 Ramapo Hills Blvd, Oakland, NJ 07436Realmart Realty, LLC Keller Williams Town LifeList Price$535,000Sale to List8% over listDays on Market37 days65 Ramapo Hills Blvd, Oakland, NJ 07436
- $650,000 Last Sold Price3 beds1.5 baths—sq ft7 Winters St, Oakland, NJ 07436Keller Williams Prosperity Howard Hanna Rand RealtyList Price$599,900Sale to List8% over listDays on Market52 days7 Winters St, Oakland, NJ 07436
- $620,000 Last Sold Price3 beds2 baths—sq ft55 Demarest Ave, Oakland, NJ 07436Keller Williams Prosperity Realty Monom, LLCList Price$625,000Sale to List1% under listDays on Market82 days55 Demarest Ave, Oakland, NJ 07436
- $480,000 Last Sold Price2 beds2 baths—sq ft43 Silver Birch Ave, Oakland, NJ 07436Keller Williams Town Life Prominent Properties Sotheby's International Realty-RidgewoodList Price$449,900Sale to List7% over listDays on Market160 days43 Silver Birch Ave, Oakland, NJ 07436
- $730,000 Last Sold Price3 beds2 baths—sq ft57 Lakeshore Dr, Oakland, NJ 07436RE/MAX SELECT - Oakland Christie's International Real Estate Group-ClosterList Price$650,000Sale to List12% over listDays on Market88 days57 Lakeshore Dr, Oakland, NJ 07436
- $1,435,000 Last Sold Price5 beds4 baths—sq ft10 Valley Forge Rd, Oakland, NJ 07436Christie's International Real Estate Group-Ridgewood Keller Williams Realty Ocean LivingList Price$1,399,000Sale to List3% over listDays on Market65 days10 Valley Forge Rd, Oakland, NJ 07436
- $750,000 Last Sold Price4 beds3 baths—sq ft676 Ramapo Valley Rd, Oakland, NJ 07436Coldwell Banker, Ringwood Prominent Properties Sotheby's International Realty-MontclairList Price$699,000Sale to List7% over listDays on Market31 days676 Ramapo Valley Rd, Oakland, NJ 07436
See all recently sold homes in Oakland.
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Schools in Oakland
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Manito Elementary School Public • K-5 | 266 Students | 11 reviews |
8/10 Colonial Road School Public • PreK-5 | 245 Students | 2 reviews |
6/10 Heights Elementary School Public • PreK-5 | 347 Students | 3 reviews |
5/10 Dogwood Hill Elementary School Public • K-5 | 247 Students | 3 reviews |
Climate's impact on Oakland housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Oakland.
Flood Factor - Major
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Major
Wind Factor
Wind likelihood over time
Heat Factor - Major
Heat Factor
Transportation in Oakland
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