Oakland, NJ Home Values & Market Trends
Real estate market trends reflect that there have been 175 transactions over the past year in Oakland. The median value for residential home transactions that occurred over the previous year is $640,147.12. The number of current listings in Oakland is 12, and the percentage of properties for sale in the city is 12.00%. Oakland, NJ currently has 36 properties in foreclosure, 1 bank owned properties, 6 properties headed for auction, and 12 properties for sale.
Oakland, NJ Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 07436 | $ 661,150 $ 355/sqft |
Housing Market Summary for Oakland, NJ
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $639K | $610K | -4.55% |
| Median Sold Price | $575K | $610K | 6.08% |
| Homes For Sale | 17 | 12 | -29.41% |
| Homes Sold | 98 | 69 | -29.59% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Oakland, NJ
Browse Homes in Oakland, NJ
Oakland home values range from $237,100 to $1,871,000. The median estimated value of a home in Oakland is $640,147.12. The median list price of a home is 644,000, and the total count of properties in the city is 4,346.
- Pre-ForeclosurePre-foreclosure homes account for 0.67% of all residential properties in Oakland, NJ with 07436 containing 29 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Oakland, NJ; of that zips, the estimated home value for pre-foreclosure homes ranges from $951,500 in 07436 to the lowest home value of $334,900 in 07436.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Oakland, NJ ranges from the highest value of $574,300 in 07436 to the lowest value of $574,300 in 07436. Bank owned homes and properties account for 0.02% of properties in Oakland, NJ. There is 1 zips within Oakland, NJ; 07436 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions07436 has 6 auction properties, the highest number of properties going to auction in a single zip in the state of Oakland, NJ. Auction homes and other auction properties account for 0.14% of all properties in Oakland, NJ. There is 1 zips within Oakland, NJ; of that zips, the median estimated home value for homes going to auction ranges from $858,700 in 07436 to the lowest value of $490,600 in 07436.
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Guide for Oakland, NJ
Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.
The Newark real estate market from 2023 to 2024 exhibited a strong upward growth pattern, with slight fluctuations in property values and sale price per square foot.
The Jersey City real estate market continues to show robust growth with prices rising to an average of $595,000 per property and $394 per square foot in February 2024.
Learn how a short sale can stop the foreclosure process.