4 homes in Grand Lake
Homes for Sale in Grand Lake, Oakland
Grand Lake Market Snapshot
$695K
Median Price
$545
Avg $/Sq Ft
10
Avg Days on Market
1
New This Week
About Grand Lake, Oakland
Grand Lake is a sought-after neighborhood in Oakland, TN. Currently, there are 4 homes for sale in this area with a median listing price of $695K. The average price per square foot is $545.
Oakland Market Report
Oakland Market Pulse
Topfind Market Read
Sellers hold the edge right now. Sale prices are up 22% over the last six months and 9% over the past year, and there is only 2.6 months of supply. At the same time, homes sell in about 50 days, and 26% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$640K
↑ 9% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.6 months of supply
Tight Supply447 active listings against the current sales pace works out to about 2.6 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~50 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 31% over the last six months.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Affordability Snapshot
Typical home cost
$4,380/mo
Actual housing expense
Affordable budget (28%)
$2,272/mo
Based on median income
Median household income
$8,114/mo
Oakland
A typical home costs about 54% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$188K/year
Assumes housing costs ≤28% of income
View cost breakdown
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $239K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$345K)
Price Reductions
117 listings have reduced their price
26% of active listings
Average reduction: 10.2% (~$65K)
Nearby Neighborhoods in Oakland
Explore More in Oakland
Looking for a home in Grand Lake?
Connect with a local specialist