4 days on Rocket
$6,531 Closing Credit¹
#20251005535, Kelley R Devantier, Listing office: Berkshire Hathaway HomeServices Kee Realty
Oakland Housing Market Report May 2025•Oakland County, Michigan
Housing Prices in Oakland, MI
How much do homes in Oakland, MI cost?
Housing Market Conditions
Is Oakland, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Oakland is a Seller's Market
Difference Since May 2024
Since last year, Oakland has remained a Seller's Market.
Insight
Oakland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$700,000$189/SqFt
+$1,250
0.2%
Based on all homes sold in the last 12 months
Insight
The sold price of homes in Oakland has remained the same since last year.
Summary: The median home sold price in Oakland was $700,000 in May 2025, up 0.2% from last year, and the median price per square foot was $189.
Median Sold Price By Cities
| City | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| Washington | $414K | $466.8K | +12.8% |
| Addison Township | $350K | $384.9K | +10.0% |
| Oakland Charter Township | $606K | $636.5K | +5.0% |
| Oakland | $698.7K | $700K | 0.2% |
| Orion Charter Township | $372.5K | $365K | -2.0% |
Median Sold Price By Bedrooms
| Beds | May 2024 | May 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | - | N/A |
| 22 Bedrooms | $345K | $210K | -39.1% |
| 33 Bedrooms | $481K | $408K | -15.2% |
| 44 Bedrooms | $725K | $750K | +3.4% |
| 55+ Bedrooms | $1.1M | $885K | -19.5% |
Summary: Oakland housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -39.1%. The home price for 3 bedroom homes decreased by -15.2%. The home price for 4 bedroom homes increased by +3.4%. The home price for 5 bedroom homes decreased by -19.5%.
How does Oakland, MI compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Oakland, MI
Housing supply in Oakland, MI
How many homes are available in Oakland, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 32Last MonthMay 2025 | ||
| 212 months agoApr 2025 | +52.4 % Change MoMApr – May |
Summary: The Oakland real estate market had 32 homes for sale in May 2025, a 52.4 % increase compared to Apr 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 7Last MonthMay 2025 | ||
| 42 months agoApr 2025 | +75.0 % Change MoMApr – May |
Homes For Sale By Bedroom Count
| Beds | Apr 2025 | May 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 0 | 0 | 0.0% |
| 33 Bedrooms | 4 | 4 | 0.0% |
| 44 Bedrooms | 14 | 20 | +42.9% |
| 55+ Bedrooms | 3 | 8 | +166.7% |
Summary: Oakland housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +42.9%. The inventory for 5 bedroom homes increased by +166.7%.
Asking Price vs. Sold Price
How much do homes in Oakland, MI cost?
Over Asking Price1 Home
At Asking Price3 Homes
Under Asking Price3 Homes
Insight
If you're buying a home in Oakland, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Oakland in May 2025, up by 75.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and and 14% were sold over asking.
Days on Market for Oakland, MI
How long does it take to sell a home in Oakland, MI?
Breakdown of Home Sale Times
Under 30 Days5 Homes
30 – 90 Days1 Home
Over 90 Days1 Home
Insight
Many homes in Oakland are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 7 homes were sold in Oakland; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 54 DaysThis YearMay 2025 | ||
| 45 Days1 year agoMay 2024 | +21.5 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Oakland had an average listing age of 54 days in May 2025, up by 21.5% compared to the previous year.
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Newest Listings in Oakland, MI
What homes are available in Oakland, MI?
#20251006156, Michael A Dinello, Listing office: Vanguard Realty Group
#20251006154, Michael A Dinello, Listing office: Vanguard Realty Group
Backup offers
$10,000 Closing Credit¹
#20251004486, Anne J Loehr, Listing office: Redfin Corporation
$7,125 Closing Credit¹
#20251004264, Anna Swartz, Listing office: Signature Sothebys International Realty Bham
$10,000 Closing Credit¹
#20251004487, Joshua Hepner, Listing office: Keller Williams Somerset
Backup offers
$5,460 Closing Credit¹
#20251003023, Anne J Loehr, Listing office: Redfin Corporation
$10,000 Closing Credit¹
#20251001409, Anthony Lombardo, Listing office: Cranbrook Custom Homes LLC
$10,000 Closing Credit¹
#20251001445, Anthony Lombardo, Listing office: Cranbrook Custom Homes LLC
$10,000 Closing Credit¹
#20251001339, Matthew Abro, Listing office: Silverstone Real Estate, LLC
$10,000 Closing Credit¹
#20251001435, Anthony Lombardo, Listing office: Cranbrook Custom Homes LLC
$10,000 Closing Credit¹
#50176191, Lewis G. Gazoul, Listing office: Real Estate One Grosse Pointe
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MLS Disclaimers and Copyright
Based on information from RealComp II Ltd., and MiRealSource Inc. DL for the period 06/01/2023 - 06/01/2025
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/20/2025, 12:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/20/2025, 12:45:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.