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Featured local agent — Oakland, TN
Sarah Mitchell
Compass Real Estate · Oakland, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Oakland, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$375,973median sale price
How is the Oakland, TN housing market right now?
The median home sale price in Oakland, TN is $375,973, up 11.6% year-over-year. Homes sell in an average of 40 days with 114 active listings. The market is currently a leaning buyer's. (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, TN is currently a leaning buyer's, based on 5.4 months of supply and homes selling in about 40 days. How we determine this →
Homes sold
21
Last 12 weeks
Days on market
40
Average pace
Active listings
114
5.4 months supply
Sale-to-list
99.4%
Below asking
What does the Oakland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $375,973 |
| Median list price | $357,490 |
| Year-over-year price change | +11.6% |
| Average days on market | 40 days |
| Active inventory | 114 listings |
| Months of supply | 5.4 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $173/sq ft |
| Homes sold (latest month) | 21 |
| New listings (latest month) | 40 |
| Listings with a price cut | 21.9% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Oakland by property type?
How the Oakland, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $375,973 | $173/sq ft | 21 | 40 days |
| Condo / Co-op | $288,500 | $145/sq ft | 2 | 150 days |
Source: Redfin · Updated monthly
The Oakland housing market is currently classified as a leaning buyer's with a median sale price of $375,973. Prices have risen 11.6% compared to last year, with homes spending an average of 40 days on market, indicating 5.4 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 4.0x provides context for how home values compare to local earning capacity.
Homes for sale in Oakland
There are currently 114 homes listed for sale in Oakland, Tennessee. The median listing price is $357K.
Active listings
114
Homes on market
Median list price
$357K
Avg. days on market
40
Days until sale
New this week
40
Newly listed
Who lives in Oakland?
Population
9,544
Median income
$89,240/yr
Median age
40.6 years
Owner-occupied
88.1%
College grads
30.5%
Avg commute
37.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Oakland?
Zillow home value
$357,464
Zillow rent index
$2,123/mo
Price-to-rent ratio
14.0x
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in Oakland?
Oakland is a community of approximately 10K residents with a median age of 40.6 years.The median household income is $89,240, which reflects a relatively affluent area with strong earning potential. 30.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 88.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 37.1 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?
2 schools tracked · 1,047 students
The largest public schools serving Oakland, TN 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.
Oakland Elementary
Grades PK-5 · 674 students
West Junior High School
Grades 6-8 · 373 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, TN?
Want a head-to-head view? Compare Oakland side-by-side with any other U.S. city using our market-comparison tool.
Is Oakland a good real estate investment market?
For investors evaluating Oakland, the price-to-rent ratio of 14.0x suggests potential rental yield opportunity, making the market attractive for income-focused investors. The market has appreciated 11.6% 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 Oakland's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Oakland's median home price.
Frequently asked questions
What is the average home price in Oakland?
The median home sale price in Oakland is $375,973, up 11.6% from last year.
How long do homes stay on market in Oakland?
Homes typically spend 40 days on market before going under contract.
What is the median income in Oakland?
The median household income is $89,240 per year.
Is Oakland a buyer's or seller's market?
With 5.4 months of supply, Oakland is currently a leaning buyer's.
What is the Zillow home value estimate for Oakland?
The Zillow Home Value Index (ZHVI) for Oakland is $357,464, 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, TN is $288,500, compared to $375,973 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, TN is $375,973 (about $173 per square foot).
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