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Is Oakes, ND 58474 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Oakes is a seller’s market. With about 3.2 months of supply and 0% 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.

Months of supply3.2Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list99.6%Sold price ÷ list price
Median days on market19Listing to accepted offer
Median price per sq ft$342▲ +282.4% vs. last year

The Oakes housing market right now

In the three months ending August 31, 2026, 0% of homes in Oakes, ND 58474 sold above their list price, the typical home went under contract in 19 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 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 33%, homes sold faster (77 days then) and the median sale price rose 217% to $348,349. Overall, Oakes is less competitive than a year ago, which gives buyers more room.

Run the numbers for 58474

Prefilled for 58474Can I win this house?Multiple-offer likelihood for a listing Prefilled for 58474Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Ellendale 58436Seller’s market $110 /sq ftKulm 58456Seller’s market $178 /sq ft Browse all markets →

Towns like Oakes nearby

Find towns like Oakes in other states →
Lamoure, ND58458 · 20 miles away80% similarsmaller · older residents Milnor, ND58060 · 36 miles away73% similarsmaller · older residents Ellendale, ND58436 · 16 miles away57% similarsmaller · younger residents Lisbon, ND58054 · 37 miles away47% similarpricier homes ($48K more)

Where Oakes is

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Questions about Oakes real estate

Is Oakes a buyer’s or seller’s market?

A seller’s market: there were 3.2 months of supply in Oakes, ND 58474 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 Oakes?

The typical home went under contract in 19 days in the latest three months.

Do homes in Oakes sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 99.6% of the list price.

What are property taxes in Oakes?

About 0.92% of a home’s value a year in Dickey County, or roughly $3,680 on a $400,000 home.

What is the median home price in Oakes?

The median sale price was $348,349 in the three months ending August 31, 2026, about $342 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