Oakland Housing Market Report May 2025•Fayette County, Tennessee

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Housing Prices in Oakland, TN

How much do homes in Oakland, TN cost?

Housing Market Conditions

Is Oakland, TN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Oakland is a Buyer's Market

Difference Since May 2024

Since last year, Oakland has remained a Buyer's Market.

Insight

Oakland is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$365,310$279/SqFt
-$1,640
-0.4%

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 $365,310 in May 2025, down 0.4% from last year, and the median price per square foot was $279.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1--
N/A
2-$139K
N/A
3$303.2K$311.4K
+2.7%
4$371.6K$405K
+9.0%
5$437K$444.9K
+1.8%

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 did not change. The home price for 3 bedroom homes increased by +2.7%. The home price for 4 bedroom homes increased by +9.0%. The home price for 5 bedroom homes increased by +1.8%.

How does Oakland, TN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Oakland, TN

Housing supply in Oakland, TN

How many homes are available in Oakland, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
150Last MonthMay 2025
1552 months agoApr 2025
-3.2 %
Change MoMApr – May

Summary: The Oakland real estate market had 150 homes for sale in May 2025, a 3.2 % decrease compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
20Last MonthMay 2025
332 months agoApr 2025
-39.4 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
100
0.0%
211
0.0%
35549
-10.9%
48078
-2.5%
51922
+15.8%

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 decreased by -10.9%. The inventory for 4 bedroom homes decreased by -2.5%. The inventory for 5 bedroom homes increased by +15.8%.

Asking Price vs. Sold Price

How much do homes in Oakland, TN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price4 Homes

At Asking Price12 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in Oakland, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.

Summary: A total of 20 homes were sold or pending in Oakland in May 2025, down by 39.4% month-over-month. Of the 20 sold homes, 20% were sold under asking, 60% were sold at asking, and and 20% were sold over asking.

Days on Market for Oakland, TN

We’re sorry, we don't have information for this market at the moment.

Home sale times aren’t available for this area.

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Newest Listings in Oakland, TN

What homes are available in Oakland, TN?

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MLS Disclaimers and Copyright

Based on information from Memphis MLS, for the period 06/01/2023 - 06/01/2025

Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/12/2025, 2:45:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.