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Featured local agent — Oildale, CA

Sarah Mitchell

CNESRESABR

Compass Real Estate · Oildale, CA

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Oildale, CA(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews

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Oildale, CA Housing Market & Real Estate

Balanced market+10.4% YoY

Housing market overview · Updated monthly ·

$298,000median sale price

How is the Oildale, CA housing market right now?

The median home sale price in Oildale, CA is $298,000, up 10.4% year-over-year. Homes sell in an average of 56 days with 102 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Oildale a buyer's or seller's market?

Balanced market3.9 months of supply56 avg. days on market

Oildale, CA is currently a balanced market, based on 3.9 months of supply and homes selling in about 56 days. How we determine this →

Homes sold

26

Last 12 weeks

Days on market

56

Average pace

Active listings

102

3.9 months supply

Sale-to-list

96.9%

Below asking

What does the Oildale housing market data show?

Current housing market statistics for Oildale, CA
MetricValue
Median sale price$298,000
Median list price$324,700
Year-over-year price change+10.4%
Average days on market56 days
Active inventory102 listings
Months of supply3.9 months
Sale-to-list price ratio96.9%
Median price per sq ft$217/sq ft
Homes sold (latest month)26
New listings (latest month)42
Listings with a price cut26.5%
Market conditionBalanced market

Source: Redfin · Updated monthly

How much do homes cost in Oildale by property type?

How the Oildale, CA market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Oildale, CA
Property typeMedian pricePrice / sq ftHomes soldDays on market
Single-family$299,000$219/sq ft2148 days
Condo / Co-op$225,000$182/sq ft123 days

Source: Redfin · Updated monthly

The Oildale housing market is currently classified as a balanced market with a median sale price of $298,000. Prices have risen 10.4% compared to last year, with homes spending an average of 56 days on market, indicating 3.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.8x provides context for how home values compare to local earning capacity.

Market trends

Homes for sale in Oildale

There are currently 102 homes listed for sale in Oildale, California. The median listing price is $325K.

Active listings

102

Homes on market

Median list price

$325K

Avg. days on market

56

Days until sale

New this week

42

Newly listed

Price drops:26.5%of listings
Sale-to-list:96.9%

Who lives in Oildale?

Population

34,971

Median income

$49,622/yr

Median age

34.9 years

Owner-occupied

40.5%

College grads

12.3%

Avg commute

23.4 min

Source: U.S. Census Bureau ACS

What are homes worth in Oildale?

Zillow home value

$287,210

Zillow rent index

$1,441/mo

Price-to-rent ratio

16.6x

Price-to-income

5.8x

Source: Zillow Research

What is it like to live in Oildale?

Oildale is a community of approximately 35K residents with a median age of 34.9 years.The median household income is $49,622, which represents a working-class community with solid middle-income opportunities. 12.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.

Homeownership rates are at 40.5%, showing a blend of owner and renter-occupied properties. The average commute time is 23.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Oildale offers a balanced lifestyle with accessible home values relative to local income levels.

Which cities are near Oildale, CA?

Want a head-to-head view? Compare Oildale side-by-side with any other U.S. city using our market-comparison tool.

Is Oildale a good real estate investment market?

For investors evaluating Oildale, the price-to-rent ratio of 16.6x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 10.4% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Oildale's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Oildale's median home price.

Frequently asked questions

What is the average home price in Oildale?

The median home sale price in Oildale is $298,000, up 10.4% from last year.

How long do homes stay on market in Oildale?

Homes typically spend 56 days on market before going under contract.

What is the median income in Oildale?

The median household income is $49,622 per year.

Is Oildale a buyer's or seller's market?

With 3.9 months of supply, Oildale is currently a balanced market.

What is the Zillow home value estimate for Oildale?

The Zillow Home Value Index (ZHVI) for Oildale is $287,210, representing the typical home value in the area.

What is the median condo price in Oildale?

The median condo/co-op sale price in Oildale, CA is $225,000, compared to $299,000 for a single-family home, based on the latest Redfin data.

How much does a single-family home cost in Oildale?

The median single-family home price in Oildale, CA is $299,000 (about $219 per square foot).

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