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Is Oakley, UT 84055 a buyer’s or seller’s market?

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

Oakley is a buyer’s market. With about 10.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply10.9Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list94.9%Sold price ÷ list price
Median days on market34Listing to accepted offer
Median price per sq ft$377▼ −8.7% vs. last year

The Oakley housing market right now

In the three months ending August 31, 2026, 20% of homes in Oakley, UT 84055 sold above their list price, the typical home went under contract in 34 days and there were 10.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (106 days then) and the median sale price fell 64% to $779,663. Overall, Oakley is more competitive than a year ago, so tougher for buyers.

Within Summit County, homes here sell faster, and more often over asking, than in any other ZIP code in the county.

Nearby, buyers who want less competition could look at Henefer 84033 (0% sold over asking) or Coalville 84017 (0% sold over asking).

Run the numbers for 84055

Prefilled for 84055Can I win this house?Multiple-offer likelihood for a listing Prefilled for 84055Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Coalville 84017Buyer’s market $364 /sq ftHenefer 84033 $298 /sq ftKamas 84036Buyer’s market $490 /sq ftPark City 84060Buyer’s market $1,041 /sq ft Browse all markets →

Towns like Oakley nearby

Find towns like Oakley in other states →
Morgan, UT84050 · 34 miles away75% similarlarger Coalville, UT84017 · 9 miles away74% similarlower income ($30K less) · cheaper homes ($57K less) Woods Cross, UT84087 · 36 miles away65% similarcheaper homes ($145K less) · larger Henefer, UT84033 · 24 miles away64% similarlower income ($32K less) · cheaper homes ($213K less)

Where Oakley is

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Questions about Oakley real estate

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

A buyer’s market: there were 10.9 months of supply in Oakley, UT 84055 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 Oakley?

The typical home went under contract in 34 days in the latest three months.

Do homes in Oakley sell over asking?

20% of homes sold above their original list price, and the typical sale closed at 94.9% of the list price.

What are property taxes in Oakley?

About 0.35% of a home’s value a year in Summit County, or roughly $1,400 on a $400,000 home.

What is the median home price in Oakley?

The median sale price was $779,663 in the three months ending August 31, 2026, about $377 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