Is Oakland, RI 02858 a buyer’s or seller’s market?
Oakland is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Oakland housing market right now
In the three months ending August 31, 2026, 75% of homes in Oakland, RI 02858 sold above their list price and the typical home went under contract in 21 days. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold more slowly (7 days then) and the median sale price fell 12% to $474,045. Overall, Oakland is less competitive than a year ago, which gives buyers more room.
Within Providence County, homes here sell faster than in 69% of the county’s ZIP codes, and sell more often over asking than in 89%.
Nearby, buyers who want less competition could look at Foster 02825 (23% sold over asking) or Mapleville 02839 (25% sold over asking), while Clayville 02815 (100% sold over asking) and Glendale 02826 (100% sold over asking) are even more competitive.
Run the numbers for 02858
Nearby markets
Albion 02802 — /sq ftCentral Falls 02863Seller’s market $193 /sq ftChepachet 02814Seller’s market $298 /sq ftClayville 02815Seller’s market $489 /sq ft Browse all markets →Where Oakland is
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Questions about Oakland real estate
How fast do homes sell in Oakland?
The typical home went under contract in 21 days in the latest three months.
Do homes in Oakland sell over asking?
75% of homes sold above their original list price, and the typical sale closed at 103.6% of the list price.
What are property taxes in Oakland?
About 1.25% of a home’s value a year in Providence County, or roughly $5,000 on a $400,000 home.
What is the median home price in Oakland?
The median sale price was $474,045 in the three months ending August 31, 2026, about $338 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology