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Featured local agent — Oakland, IL
Sarah Mitchell
Compass Real Estate · Oakland, IL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Oakland, IL Housing Market & Real Estate
Housing market overview · Updated monthly ·
$35,000median sale price
How is the Oakland, IL housing market right now?
The median home sale price in Oakland, IL is $35,000. Homes sell in an average of 27 days with 2 active listings. The market is currently a strong seller's 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 Oakland a buyer's or seller's market?
Oakland, IL is currently a strong seller's market, based on 0.7 months of supply and homes selling in about 27 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
27
Average pace
Active listings
2
0.7 months supply
Sale-to-list
105.8%
Above asking
What does the Oakland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $35,000 |
| Average days on market | 27 days |
| Active inventory | 2 listings |
| Months of supply | 0.7 months |
| Sale-to-list price ratio | 105.8% |
| Median price per sq ft | $31/sq ft |
| Homes sold (latest month) | 3 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Oakland by property type?
How the Oakland, IL market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $35,000 | $31/sq ft | 3 | 27 days |
Source: Redfin · Updated monthly
The Oakland housing market is currently classified as a strong seller's market with a median sale price of $35,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 27 days on market, indicating 0.7 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 2.8x provides context for how home values compare to local earning capacity.
Homes for sale in Oakland
There are currently 2 homes listed for sale in Oakland, Illinois.
Active listings
2
Homes on market
Avg. days on market
27
Days until sale
Who lives in Oakland?
Population
948
Median income
$49,571/yr
Median age
48.9 years
Owner-occupied
78.3%
College grads
18.1%
Avg commute
25.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Oakland?
Zillow home value
$136,538
Price-to-income
2.8x
Source: Zillow Research
What is it like to live in Oakland?
Oakland is a community of approximately 1K residents with a median age of 48.9 years.The median household income is $49,571, which represents a working-class community with solid middle-income opportunities. 18.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 78.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Oakland offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Oakland?
2 schools tracked · 247 students
The largest public schools serving Oakland, IL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Lake Crest Elem School
Grades PK-8 · 182 students
Oakland High School
Grades 9-12 · 65 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Oakland, IL?
Want a head-to-head view? Compare Oakland side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Oakland?
The median home sale price in Oakland is $35,000, down 0.0% from last year.
How long do homes stay on market in Oakland?
Homes typically spend 27 days on market before going under contract.
What is the median income in Oakland?
The median household income is $49,571 per year.
Is Oakland a buyer's or seller's market?
With 0.7 months of supply, Oakland is currently a strong seller's market.
What is the Zillow home value estimate for Oakland?
The Zillow Home Value Index (ZHVI) for Oakland is $136,538, representing the typical home value in the area.
How much does a single-family home cost in Oakland?
The median single-family home price in Oakland, IL is $35,000 (about $31 per square foot).
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