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Featured local agent — Oakland, NJ
Sarah Mitchell
Compass Real Estate · Oakland, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Oakland, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$693,000median sale price
How is the Oakland, NJ housing market right now?
The median home sale price in Oakland, NJ is $693,000, down 20.6% year-over-year. Homes sell in an average of 22 days with 28 active listings. The market is currently a 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, NJ is currently a seller's market, based on 4.7 months of supply and homes selling in about 22 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
22
Average pace
Active listings
28
4.7 months supply
Sale-to-list
108.3%
Above asking
What does the Oakland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $693,000 |
| Median list price | $998,950 |
| Year-over-year price change | -20.6% |
| Average days on market | 22 days |
| Active inventory | 28 listings |
| Months of supply | 4.7 months |
| Sale-to-list price ratio | 108.3% |
| Median price per sq ft | $430/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 14 |
| Listings with a price cut | 32.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Oakland by property type?
How the Oakland, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $655,000 | $430/sq ft | 5 | 12 days |
| Condo / Co-op | $530,000 | — | 1 | 107 days |
| Townhouse | $1.16M | — | 1 | 32 days |
Source: Redfin · Updated monthly
The Oakland housing market is currently classified as a seller's market with a median sale price of $693,000. Prices have fallen 20.6% compared to last year, with homes spending an average of 22 days on market, indicating 4.7 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 4.8x provides context for how home values compare to local earning capacity.
Homes for sale in Oakland
There are currently 28 homes listed for sale in Oakland, New Jersey. The median listing price is $999K.
Active listings
28
Homes on market
Median list price
$999K
Avg. days on market
22
Days until sale
New this week
14
Newly listed
Who lives in Oakland?
Population
12,700
Median income
$162,862/yr
Median age
41.9 years
Owner-occupied
91.8%
College grads
54.4%
Avg commute
30.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Oakland?
Zillow home value
$777,356
Price-to-income
4.8x
Source: Zillow Research
What is it like to live in Oakland?
Oakland is a community of approximately 13K residents with a median age of 41.9 years.The median household income is $162,862, which reflects a relatively affluent area with strong earning potential. 54.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 91.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 30.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Oakland offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Oakland?
5 schools tracked · 2,014 students
The largest public schools serving Oakland, NJ 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.
Indian Hills High School
Grades 9-12 · 694 students
Valley Middle School
Grades 6-8 · 446 students
Heights Elementary School
Grades PK-5 · 376 students
Manito Elementary School
Grades K-5 · 257 students
Dogwood Hill Elementary School
Grades K-5 · 241 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, NJ?
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 $693,000, down 20.6% from last year.
How long do homes stay on market in Oakland?
Homes typically spend 22 days on market before going under contract.
What is the median income in Oakland?
The median household income is $162,862 per year.
Is Oakland a buyer's or seller's market?
With 4.7 months of supply, Oakland is currently a seller's market.
What is the Zillow home value estimate for Oakland?
The Zillow Home Value Index (ZHVI) for Oakland is $777,356, representing the typical home value in the area.
What is the median condo price in Oakland?
The median condo/co-op sale price in Oakland, NJ is $530,000, compared to $655,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Oakland?
The median single-family home price in Oakland, NJ is $655,000 (about $430 per square foot).
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