The market · Oakwood

Oakwood housing market, May 2024

Single-family homes inside the Oakwood map area in the RealTracs MLS. This page is built from RealTracs’ five-year monthly file as reported on October 28, 2026; the change column is worked out from that file. The live Oakwood page has the current month, the map and every data set.

$437,500
median sale price, 3-month rolling
$471,000 a year earlier · −7.1%
3
homes sold
2 in May 2023 · +50.0%
3.99
months of supply, 3-month rolling
3.14 in May 2023 · +27.1% · monthly figure not shown: 3 sales · favors sellers
35
average days on market, 3-month rolling
43 in May 2023 · −18.6% · monthly figure not shown: 3 sales
13
new listings
5 in May 2023 · +160.0%
Oakwood closed 3 single-family sales in May 2024, +50.0% from 2 in May 2023. With only 3 sales in the month, the monthly median swings on a single house, so the figure to watch is RealTracs’ three-month rolling median: $437,500, −7.1% from $471,000 a year earlier. Buyers had 17 homes to choose from on average (14 a year ago), and months of supply stood at 3.99 on a three-month rolling basis — favors sellers by the usual four-to-six-month rule of thumb. Over the three months to May 2024, homes that sold had averaged 35 days on market (a normal pace); 13 new listings came on against 5 a year earlier. In the 2 earlier Mays on record (2022–2023), sales ran from 2 to 4.

Written from the figures on this page by fixed sentences. No forecasts.

May 2024 vs. May 2023

The month, number by number

Every figure RealTracs reports for the month, against the same month a year earlier. Pick a row and the bars show that measure for May in every year on file; the link under them opens its full history on the live page.

Oakwood, May 2024 against May 2023
MeasureMay 2023May 2024Change
23+50.0%
$277,500$325,000+17.1%
$277,500$443,333+59.8%
$313$302−3.5%
10826−75.9%
513+160.0%
612+100.0%
1417+21.4%
57+40.0%
1923+21.1%
8.647.51−13.1%
$507,837$553,592+9.0%
93.33%103.72%+11.1%
5961+3.4%
1923+21.1%
16763−62.3%

Change is worked out here from the two monthly figures in RealTracs’ five-year file.

More tables for May 2024: the last twelve months, this month in every year, the rolling basis
Month by month, monthly figures
MonthSoldMedian sale priceMedian $/sq ftNew listingsFor sale (avg)Months of supplyAvg days on market
May 20243$325,000$30213177.5126
April 20248$512,500$2939162.5415
March 20245$410,000$34210154.1973
February 20242$435,050$2788138.1316
January 20243$579,000$2708145.4953
December 20233$272,512$2462197.64128
November 20234$459,600$24913226.540
October 20239$330,000$35210182.5647
September 20233$380,000$36710198.5223
August 20235$575,000$34112184.4420
July 20233$575,000$3364146.0554
June 20236$354,750$39910132.879

Every figure as RealTracs reports it for that month. Months with fewer than 10 sales are small samples: their median is the median of a handful of houses, and the page’s headline figures use RealTracs’ rolling medians for them.

May, year by year
MonthSoldMedian sale priceMedian $/sq ftNew listingsFor sale (avg)Months of supplyAvg days on market
May 20243$325,000$30213177.5126
May 20232$277,500$3135148.64108
May 20224$375,000$3371072.51

The same calendar month in every year the five-year file covers — the comparison behind the “earlier years” sentence above.

May 2024 on a rolling basis
MeasureMonthly3-month rolling6-month rolling12-month rolling3-month, May 202312-month, May 2023
Median sale price$325,000$437,500$410,000$411,500$471,000$420,000
Median sale price per sq ft$302$305$299$324$287$311
Months of supply7.513.994.984.663.143.64
Average days on market, homes sold263548394333
Homes sold (per month)354455

RealTracs’ own rolling figures: each is worked out over the sales of the last 3, 6 or 12 months, not averaged from the monthly numbers. A rolling count is the average per month. These are the figures the page quotes when a month has fewer than 10 sales.

Back to highlights

Questions

Oakwood in May 2024

Were home prices in Oakwood dropping in May 2024?
Down. The three-month rolling median sale price was $437,500 in May 2024, −7.1% from $471,000 a year earlier. The rolling figure is used because only 3 homes sold in the month.
Was Oakwood a buyer’s or a seller’s market in May 2024?
A seller’s market, by the usual rule: 3.99 months of supply in May 2024 on a three-month rolling basis (under four favors sellers, over six favors buyers), against 3.14 a year earlier. The rolling figure is used because only 3 homes sold in the month.
How fast were homes selling in Oakwood in May 2024?
With 3 sales in May 2024, a monthly average would mislead; over the three months to May 2024 homes that sold had averaged 35 days on market, a normal pace.
How this page is built
Every figure is read from RealTracs’ own export for the Oakwood map area — the Snapshot report for the month and the five-year Timeline files for all eight data sets, monthly and 3-, 6- and 12-month rolling. Files are kept as downloaded, with a manifest of download names and checksums, so any number here can be traced to its file. The only arithmetic on the page is labelled where it appears: a change worked out from two monthly figures, and the ranges in the “earlier years” sentence. Months with fewer than 10 sales are flagged as small samples and their price figures switch to RealTracs’ rolling medians. The summary and the questions are filled from fixed sentences — no forecasts, no advice. “Favors sellers / balanced / favors buyers” follows the usual rule of thumb for months of supply: under four, four to six, over six. Days on market: under 30 is called a fast pace, over 60 slow.

Back to highlights

Source: RealTracs MLS, Analytics → Market Trends, the Oakwood map area (saved in RealTracs as “East- Oakwood”), residential single-family. Report dated October 28, 2026. Based on information from Realtracs® for the period May 1, 2023 through September 30, 2026. © 2026 Realtracs, Inc.