Is Oakland, OR 97462 a buyer’s or seller’s market?
Oakland is a seller’s market. With about 3.6 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.
The Oakland housing market right now
In the three months ending August 31, 2026, 0% of homes in Oakland, OR 97462 sold above their list price, the typical home went under contract in 51 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (64 days then) and the median sale price fell 18% to $326,859. Overall, Oakland is more competitive than a year ago, so tougher for buyers.
Within Douglas County, homes here sell more slowly than in 52% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Glendale 97442 (100% sold over asking) and Idleyld Park 97447 (100% sold over asking) are even more competitive.
Run the numbers for 97462
Nearby markets
Azalea 97410Buyer’s market $285 /sq ftCamas Valley 97416 — /sq ftCanyonville 97417Buyer’s market $269 /sq ftDays Creek 97429Seller’s market $234 /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 3.6 months of supply in Oakland, OR 97462 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 51 days in the latest three months.
Do homes in Oakland sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 94.8% of the list price.
What are property taxes in Oakland?
About 0.61% of a home’s value a year in Douglas County, or roughly $2,440 on a $400,000 home.
What is the median home price in Oakland?
The median sale price was $326,859 in the three months ending August 31, 2026, about $183 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