Scott Ward's Market Update

Oakland, CA 94602

Single-Family Homes

Scott Ward Real Estate | www.scottward.me | scott@scottward.me



Oakland, CA 94602

Fri Jan 10 2025
This week the median list price for Oakland, CA 94602 is $838,500 with the market action index hovering around 54. This is an increase over last month's market action index of 48. Inventory has decreased to 18. Click here to stay informed with the Oakland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Oakland, CA 94602

Fri Jan 10 2025
This week the median list price for Oakland, CA 94602 is $838,500 with the market action index hovering around 54. This is an increase over last month's market action index of 48. Inventory has decreased to 18. Click here to stay informed with the Oakland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $838,500
Median Price of New Listings $687,494
Per Square Foot $628
Average Days on Market 128
Median Days on Market 84
Price Decreased 28%
Price Increased 6%
Relisted 17%
Inventory 18
Median Rent
Market Action 54
Strong Seller's Market

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,735,000 2,309 0.5 - 1 acre 3 2.5 82 0 0 94
$1,069,499 2,048 4,500 - 6,500 sqft 3 2 87 0 1 234
$749,988 1,157 0 - 4,500 sqft 2 1 101 1 1 77
$625,000 962 0 - 4,500 sqft 2 1 106 1 0 70