Why Live in Oakwood Park
Oakwood Park in Raleigh is a neighborhood that blends historical significance with modern development. Located just a mile from Downtown Raleigh, it offers a mix of college students, professionals, and families. The area is closely tied to Saint Augustine’s University, a historically Black university established in 1867, which remains a significant local employer. The neighborhood features a variety of home styles, from 1950s bungalows and midcentury ranches to contemporary townhouses and newly built modern homes. Residents have access to essential shopping at Food Lion and Larry’s Super Market, while local favorites like Brookside Bodega and The Optimist Raleigh provide casual dining options. Person Street is a hub for trendy eateries, boutiques, and nightlife, with spots like So & So Books, Oakwood Pizza Box, and Person Street Bar offering plenty of things to do.
Outdoor enthusiasts can enjoy Oakwood Park’s playground and picnic areas, the Oakwood Dog Park, and the BMX track at Lions Park. The Crabtree Creek Trail, a 16-mile nature trail, is also nearby. The neighborhood is served by the Wake County Public School System, with highly rated schools such as Underwood Magnet Elementary, Martin Magnet Middle School, and Enloe Magnet High School. Public transportation is available through GoRaleigh, with bus stops throughout the area and fares suspended until June 2024. For drivers, U.S. Route 401 and Interstate 440 provide easy access to the rest of the city, and Raleigh-Durham International Airport is 14 miles away. Oakwood Park is a low crime risk area, making it safer than the national average.
Home Trends in Oakwood Park, NC
On average, homes in Oakwood Park, Raleigh sell after 59 days on the market compared to the national average of 70 days. The median sale price for homes in Oakwood Park, Raleigh over the last 12 months is $585,000, up 23% from the median home sale price over the previous 12 months.
Median Sale Price
$585,000
Median Single Family Sale Price
$585,000
Number of Homes for Sale
0
Last 12 months Home Sales
3
Median List Price
$609,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
23%