Photo: Thomas R Machnitzki (thomasmachnitzki.com) · CC BY 3.0297 homes sold in Oakland in the last year, at a typical $363K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Oakland homes are listed.
Every place Oakland homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Oakland.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 98% of Oakland’s sales, at a typical $364K
297 homes sold in the year to May 2026.
typical sale · 292 sold in 12 months
- Per square foot
- $177TN $209
- Days to sell
- 85
- Sold over asking
- 13%
- Listings with a price cut
- 22%
Condos: 5 sold, typical $313K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
297 sales in the last year, against 466 in 2021 and a low of 199 in 2012. The typical sale went from $178K in 2016 to $363K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $350K buys in Oakland
Check a listing against what Oakland homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Oakland are rarer than before the pandemic, and more homes are for sale
We read every month of Oakland’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 297 sales.
If you’re buying in Oakland
- Shop in October. It brings about 34 new listings a month, close to the busiest month, with fewer bidding wars (24% over asking).
- You can negotiate. 22% of listings have cut their price, against 13% before the pandemic.
- Bid near asking. Buyers paid 98.5% of the list price on average; 13% paid over.
- You’ll usually have time. Only 18% of homes go under contract within two weeks; the typical one takes 86 days.
Spring brings the homes; summer brings the bidding wars
March has the most new listings (about 39 a month), but August is the most competitive: 29% of August sales close over asking. September and October offer nearly as much choice with fewer homes bid up (24%). November has the least competition (23%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Tennessee as a whole
| Oakland now | 2017–19 | 2021 peak | TN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 13% | 22% | 52% | 14% |
| Gone within two weeksShare of homes under contract within 14 days | 18% | 41% | 62% | 27% |
| Listings with a price cutShare of homes for sale that cut their price | 22% | 13% | 3% | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 98.5% | 99.3% | 102% | 97.3% |
| Days to sellMedian days from listing to contract | 86 | 51 | 33 | 70 |
114 homes for sale on a typical day
That’s twice the 2018 low (56) and 68% more than in 2017–19.
1 in 5 listings has cut its price
22% in the last year, against 13% in 2017–19 and 25% across Tennessee. More sellers are pricing high and coming down.
Since 2019, houses are up 58%, condos 21%
A house typically sold for $364K in the last year (292 sales), a condo for $313K (5).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Oakland ranks 69th of 108 busy Tennessee markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Oakland is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Oakland home costs about $2,008 a month
Price: Oakland’s typical sale, last 12 months. Property tax at Oakland’s 0.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Oakland is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in March
The month with the most choice. December has the fewest, about 18.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $363K home, about $1,360 a year.
Taxes vs. neighborsSchools
The schools grade for Oakland, from test results, graduation and how much students grow.
Schools in OaklandCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Somerville and Lakeland sell for less a square foot
The busier markets within 25 miles of Oakland, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Collierville | 714 | $512K | $178 | 9% | 57 |
| Oakland | 297 | $363K | $176 | 13% | 86 |
| Arlington | 258 | $450K | $175 | 19% | 43 |
| Lakeland | 217 | $514K | $168 | 10% | 41 |
| Piperton | 79 | $675K | $213 | 9% | 134 |
| Somerville | 39 | $319K | $154 | 13% | 134 |
| Rossville | 39 | $533K | $189 | 3% | 229 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Oakland, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Oakland. People who follow the town see it, and so do people comparing Oakland with their own town. No commission, no listing fee.
Questions about buying a home in Oakland
What do homes sell for in Oakland, TN?
297 homes sold in the year to May 2026 at a typical $363K, $176 a square foot.
Is Oakland a buyer’s or seller’s market?
A balanced market: 114 homes were for sale in May 2026 and 21 sold, about 5.4 months of supply. Buyers paid 98.5% of asking on average, and 22% of listings cut their price.
When is the best time to buy in Oakland?
March brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Oakland?
About 0.4% of a home’s value a year. On a $363K home that’s near $1,360.
Where can I see homes for sale in Oakland?
Zillow, Redfin, Realtor.com and Homes.com all carry Oakland’s MLS listings; the search links above open each one filtered to Oakland.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).