Oakley Real Estate Insights – December 2024

Home Values on the Rise as Market Shows Consistent Strength

Welcome to the December 2024 Oakley Real Estate Insights, your go-to source for timely, data-driven updates on the local real estate market. For Real Estate Professionals and their clients, staying ahead of current trends is critical to making smart, informed decisions.

In this report, we’ll break down the most recent data, discuss important trends, and highlight actionable insights to guide buyers and sellers through today’s market.

Whether you’re strategizing for a sale, helping buyers secure their dream home, or planning your outreach campaigns, this blog provides everything you need to maximize opportunities in Oakley’s real estate market.

Market Overview

The Oakley market remains steady, showing moderate price growth, increased buyer demand, and balanced inventory levels. While homes are selling slightly slower than last year, demand remains strong, with properties selling close to asking prices.

Key Market Data

• Median Sale Price: $702,000 (+2.5% YoY)

• Average Home Value: $678,103 (+2.8% YoY)

• Days on Market: 25 days (compared to 21 days last year)

• Sales Volume: 42 homes sold (+68% YoY)

• Inventory: 102 active listings, with 43 new listings in August

The balance of rising prices and stable inventory indicates a competitive market where sellers enjoy leverage while buyers benefit from more choices.

Current Market Trends

1. Price Growth Remains Positive

• Median home prices rose 2.5% year-over-year, reaching $702,000.

• Listing prices followed suit, trending up 4.8%.

• Price per square foot increased by 7.7%, signaling strong value retention.

This steady price appreciation reflects sustained buyer demand and solid market fundamentals.

2. Inventory and Sales Activity Show Momentum

• Inventory levels saw 43 new listings, keeping options available for buyers.

• Sales volume jumped 68% YoY, from 25 to 42 homes sold.

Despite rising prices, increased sales activity points to a confident buyer pool.

3. Days on Market Shows Slight Change

• Average days on market increased slightly to 25 days (up from 21 last year).

• While homes aren’t selling as quickly, properties remain near list price, indicating consistent competition.

This trend creates opportunities for buyers to negotiate, while sellers maintain control with competitive pricing.

3 Top Takeaways

1. Rising Prices Present an Advantage for Sellers

• Oakley’s home values rose 2.5%-4.8% over the past year.

• Sellers can take advantage of strong demand to maximize their returns.

2. Increased Buyer Options in a Competitive Market

• Inventory growth (102 active listings) gives buyers more choices.

• Days on market allow buyers to negotiate favorable terms.

3. Market Momentum Signals Continued Growth

• Sales volume surged by 68% YoY, reflecting buyer confidence.

• Rising values and stable demand make Oakley a resilient and attractive market.

Seller and Buyer Scores

Seller Score: 72

Oakley continues to favor sellers with appreciating prices and strong demand.

Key Factors Supporting Seller Strength:

• Price appreciation (+2.5% to +4.8%) increases profit margins.

• Homes sell near asking price (99.5% sale-to-list ratio).

• Competition among buyers sustains strong offers.

Implications for Sellers:

• Maximize returns by pricing strategically.

• Be prepared for motivated buyers and multiple offers.

• Leverage current momentum before spring competition increases.

Buyer Score: 58

While sellers have an advantage, buyers benefit from steady inventory and manageable competition.

Key Factors Supporting Buyer Opportunities:

• Slightly longer days on market allow for negotiation.

• Inventory growth (102 listings) provides more options.

• Stable interest rates keep homes relatively affordable.

Implications for Buyers:

• Move quickly but negotiate where possible for favorable terms.

• Take advantage of inventory before competition heats up in spring.

• Lock in purchases now to avoid further price increases.

Trends, Changes, and Future Projections

1. Price Stability with Modest Appreciation

Oakley’s upward price trajectory is expected to continue, driven by buyer demand and constrained inventory. Sellers should anticipate further appreciation, while buyers must act quickly to avoid paying more in the future.

2. Competitive Market with Balanced Dynamics

The slight increase in days on market reflects a balancing trend where both buyers and sellers have opportunities. This creates a window of negotiation for buyers and a chance for sellers to maximize returns.

3. Interest Rates Remain a Watchpoint

While rates are currently favorable, any future increases could impact affordability, slowing buyer momentum. Monitoring rate trends will be crucial for both parties.

Utilizing This Content

3 Actionable Messages for Real Estate Professionals

1. “Sellers: Take Advantage of Rising Home Values!”
Home prices are up 2.5%-4.8%, and competition remains strong. Now’s the perfect time to list and capitalize on motivated buyers.

2. “Buyers: More Inventory Means Greater Choices – But Act Fast!”
With 102 homes on the market and a slight increase in days on market, buyers have negotiating power. Lock in your purchase before prices climb higher.

3. “Oakley’s Market Is Gaining Momentum – Let’s Make Your Next Move!”
Sales are up 68% YoY, signaling strong demand. Whether you’re buying or selling, now’s the time to plan strategically.

Oakley’s real estate market in December 2024 shows continued strength, with rising prices, increased sales activity, and balanced inventory. Sellers benefit from competitive demand and strong values, while buyers enjoy a window of opportunity with more options and favorable terms.

For Real Estate Professionals, this data provides valuable insights to guide clients confidently, whether they’re buying or selling.

Need expert advice or professional guidance? Reach out to Realty One Elite today to position yourself and your clients for success.

Additional Resources

For further insights into Brentwood's real estate market or for personalized advice, visit our insights page at www.findebhomes.com. . Stay informed about mortgage trends with the latest Freddie Mac 30-year rate update.