Is Oakland, TN 38060 a buyer’s or seller’s market?
Oakland is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 28% of U.S. ZIP codes, and #129 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Oakland housing market right now
In the three months ending August 31, 2026, 9% of homes in Oakland, TN 38060 sold above their list price, the typical home went under contract in 52 days and there were 4.4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 97 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 19%, homes sold faster (68 days then) and the median sale price fell 6% to $342,852. Overall, Oakland is less competitive than a year ago, which gives buyers more room.
Within Fayette County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Oakland ranks #129 of 299 TN ZIP codes with enough sales (score 32 out of 100).
Nearby, buyers who want less competition could look at Williston 38076 (0% sold over asking) or Moscow 38057 (0% sold over asking).
Run the numbers for 38060
Nearby markets
Eads 38028Seller’s market $210 /sq ftMason 38049Buyer’s market $192 /sq ftMoscow 38057Balanced $169 /sq ftRossville 38066Buyer’s market $200 /sq ft Browse all markets →Towns like Oakland nearby
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Questions about Oakland real estate
Is Oakland a buyer’s or seller’s market?
A balanced market: there were 4.4 months of supply in Oakland, TN 38060 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Oakland?
The typical home went under contract in 52 days in the latest three months.
Do homes in Oakland sell over asking?
9% of homes sold above their original list price, and the typical sale closed at 99.0% of the list price.
What are property taxes in Oakland?
About 0.33% of a home’s value a year in Fayette County, or roughly $1,320 on a $400,000 home.
What is the median home price in Oakland?
The median sale price was $342,852 in the three months ending August 31, 2026, about $175 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