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Featured local agent — Oakland, IA
Sarah Mitchell
Compass Real Estate · Oakland, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Oakland, IA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$118,500median sale price
How is the Oakland, IA housing market right now?
The median home sale price in Oakland, IA is $118,500, down 15.4% year-over-year. Homes sell in an average of 25 days with 11 active listings. The market is currently a buyer'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, IA is currently a buyer's market, based on 5.5 months of supply and homes selling in about 25 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
25
Average pace
Active listings
11
5.5 months supply
Sale-to-list
85.0%
Below asking
What does the Oakland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $118,500 |
| Median list price | $179,500 |
| Year-over-year price change | -15.4% |
| Average days on market | 25 days |
| Active inventory | 11 listings |
| Months of supply | 5.5 months |
| Sale-to-list price ratio | 85.0% |
| Median price per sq ft | $81/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 3 |
| Listings with a price cut | 45.5% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Oakland by property type?
How the Oakland, IA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $118,500 | $81/sq ft | 2 | 25 days |
Source: Redfin · Updated monthly
The Oakland housing market is currently classified as a buyer's market with a median sale price of $118,500. Prices have fallen 15.4% compared to last year, with homes spending an average of 25 days on market, indicating 5.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in Oakland
There are currently 11 homes listed for sale in Oakland, Iowa. The median listing price is $180K.
Active listings
11
Homes on market
Median list price
$180K
Avg. days on market
25
Days until sale
New this week
3
Newly listed
Who lives in Oakland?
Population
1,500
Median income
$72,500/yr
Median age
36.4 years
Owner-occupied
61.1%
College grads
20.7%
Avg commute
24.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Oakland?
Zillow home value
$227,669
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Oakland?
Oakland is a community of approximately 2K residents with a median age of 36.4 years.The median household income is $72,500, which represents a working-class community with solid middle-income opportunities. 20.7% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 61.1%, showing a blend of owner and renter-occupied properties. The average commute time is 24.2 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 · 534 students
The largest public schools serving Oakland, IA 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.
Riverside Middle/Senior High School
Grades 6-12 · 347 students
Oakland Elementary
Grades PK-2 · 187 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, IA?
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 $118,500, down 15.4% from last year.
How long do homes stay on market in Oakland?
Homes typically spend 25 days on market before going under contract.
What is the median income in Oakland?
The median household income is $72,500 per year.
Is Oakland a buyer's or seller's market?
With 5.5 months of supply, Oakland is currently a buyer's market.
What is the Zillow home value estimate for Oakland?
The Zillow Home Value Index (ZHVI) for Oakland is $227,669, 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, IA is $118,500 (about $81 per square foot).
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