The The Oaks housing market is very competitive. The median sale price of a home in The Oaks was $280K last month, down 74.8% since last year. The median sale price per square foot in The Oaks is $242, down 34.8% since last year.
What is the housing market like in The Oaks today?
In March 2024, The Oaks home prices were down 74.8% compared to last year, selling for a median price of $280K. On average, homes in The Oaks sell after 149 days on the market compared to 34 days last year. There were 2 homes sold in March this year, down from 3 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$280,000
-74.8% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
The Oaks, NC
$280,000
-74.8%
United States
To compare other locations to the The Oaks and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Chapel Hill add value to a home.
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How hot is the The Oaks housing market?
The Oaks is very competitive. Homes sell in 26 days.
0
100
76
Very Competitive
Redfin Compete Score™
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 12 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% above list price and go pending in around 26 days.
Hot homes
can sell for about 6% above list price and go pending in around 14 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on The Oaks housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in The Oaks.
Risk Factor
Flood Factor - Major
19% of properties are at risk of severe flooding over the next 30 years
Flood Factor
The Oaks has a major risk of flooding. 68 properties in The Oaks are likely to be
severely affected
by flooding over the next 30 years. This represents 19% of all properties in The Oaks. Flood risk is increasing slower than the national average.
77% of properties are at risk of wildfire over the next 30 years
Fire Factor
The Oaks has a moderate risk of wildfire. There are 340 properties in The Oaks that have some risk of being affected by wildfire over the next 30 years. This represents 77% of all properties in The Oaks.
100% of properties are at major
risk of a severe wind event over the next 30 years
Wind Factor
The Oaks has a Major Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. The Oaks is most at risk from hurricanes. 439 properties in The Oaks have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 76 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 91 mph.