Is Oakland, IA 51560 a buyer’s or seller’s market?
Oakland is a seller’s market. With about 1.9 months of supply and 20% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 50% of U.S. ZIP codes, and #82 of 156 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, 20% of homes in Oakland, IA 51560 sold above their list price, the typical home went under contract in 70 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold more slowly (61 days then) and the median sale price rose 12% to $224,903. Overall, Oakland is more competitive than a year ago, so tougher for buyers.
Within Pottawattamie County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 75%. On our competition score, Oakland ranks #82 of 156 IA ZIP codes with enough sales (score 49 out of 100).
Nearby, buyers who want less competition could look at Underwood 51576 (0% sold over asking) or Carson 51525 (0% sold over asking), while Treynor 51575 (100% sold over asking) and Walnut 51577 (100% sold over asking) are even more competitive.
Run the numbers for 51560
Nearby markets
Avoca 51521Balanced $73 /sq ftCarson 51525Seller’s market $174 /sq ftCarter Lake 51510Seller’s market $176 /sq ftCouncil Bluffs 51501Seller’s market $156 /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 seller’s market: there were 1.9 months of supply in Oakland, IA 51560 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 70 days in the latest three months.
Do homes in Oakland sell over asking?
20% 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 1.57% of a home’s value a year in Pottawattamie County, or roughly $6,280 on a $400,000 home.
What is the median home price in Oakland?
The median sale price was $224,903 in the three months ending August 31, 2026, about $123 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