Why Live in Oakwood
Oakwood, one of Raleigh’s oldest neighborhoods, is known for its 19th-century architecture and historic charm. Located adjacent to downtown Raleigh, Oakwood features a blend of historic and contemporary homes, including Queen Anne, Victorian, Neoclassical Revivals, American Vernacular, and Foursquare styles. The neighborhood is characterized by pastel-painted homes with white picket fences and lush front yard gardens. Oakwood is home to highly rated schools such as Powell Elementary, Conn Magnet Elementary, Oberlin Magnet Middle, Ligon Middle, and Broughton Magnet High. The area includes Oakwood Commons Park, with its playscape and picnic areas, and LeVelle Moton Park, which offers basketball courts and playgrounds. The 72-acre Historic Oakwood Cemetery, established in 1869, provides a serene space for walks and community events. The Society for the Preservation of Historic Oakwood hosts annual tours, including the Candlelight Tour and the Garden Club Tour. Dining options within the neighborhood include Side Street Restaurant, Oakwood Pizza Box, and SmokeStacks, while grocery needs can be met at Weaver Street Market and the nearby Publix Super Market. Oakwood is well-connected, with downtown Raleigh less than a one-minute drive away and Raleigh-Durham International Airport approximately 14 miles away. The neighborhood also benefits from GoRaleigh bus stops for public transportation.
Home Trends in Oakwood, NC
On average, homes in Oakwood, Raleigh sell after 48 days on the market compared to the national average of 69 days. The median sale price for homes in Oakwood, Raleigh over the last 12 months is $324,000, down 32% from the median home sale price over the previous 12 months.
Median Sale Price
$324,000
Median Single Family Sale Price
$404,900
Median Townhouse Sale Price
$259,990
Average Price Per Sq Ft
$250
Number of Homes for Sale
5
Last 12 months Home Sales
65
Median List Price
$399,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-32%