Homes for Sale in Oakley California

By
Real Estate Broker/Owner with Home Point Real Estate DRE # 01492725

Homes for Sale in Oakley California

The Market Report looks at Single Family Homes for Sale in Oakley California by comparing the current market with sales for the last two months.

Right now there are 146 Homes for Sale in Oakley California with an average asking price of $276,604.00 and a median price of $249,000.00. The average asking price per SF is $131.00 and the homes have spent an average of 67 days on the market.

In July 58 Homes for Sale in Oakley California sold for an average price of $236,713.00 and a median price of $233,500.00. This is an average price per SF of $117.00 and the homes were on the market for an average of 25 days.

In August 56 Homes for Sale in Oakley California sold for an average price of $214,711.00 and a median price of $195,250.00. This is an average sold price of $115.00 per SF and the homes spent an average of 26 Days on the Market.

Although it appears the market is slowing down this may not be the case. Short Sales are coming to dominate the market and so it seems many homes may be entering the Pending category every month with out showing up as a sale. There is a huge back log of pending short sales that can take many months to close.

Although the Average and Median price is down significantly the price per SF of the Homes for Sale is down minimally and does not indicate a trend yet. Oakley has some eclectic neighborhoods and trends can change from month to month.  The trend appears to be towards smaller homes. On a straight up look at the number (without consideration of how the short sales may be impacting the numbers) there is slightly less than a 3 month supply of Homes for Sale. A 3 month supply of Homes for Sale is considered a sellers market.

If you need to sell a home or are interested in Homes for Sale in Oakley or beyond please contact me.

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