Oakley's real estate market is experiencing a price correction, with values down 15.7% from last year. Home prices have increased 196.7% in the past month alone. With 3.0 months of supply, Oakley's inventory levels remain relatively tight. Homes are now taking an average of 116 days to sell, significantly longer than the 56 days typical for this market. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Oakley market with the affordability index at 8883.7. Based on current market indicators, home prices in Oakley are projected to decrease by approximately 24.4% over the next month.