Scott Ward's Market Update
Oakland, CA 94610
Single-Family Homes
Scott Ward Real Estate | www.scottward.me | scott@scottward.me
Oakland, CA 94610
Fri Jan 10 2025
This week the median list price for Oakland, CA 94610 is $1,219,950 with the market action index hovering around 64. This is an increase over last month's market action index of 59. Inventory has decreased to 4.
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
| Median List Price | $1,219,950 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $528 | |
| Average Days on Market | 166 | |
| Median Days on Market | 116 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 4 | |
| Median Rent | ||
| Market Action | 64 | |
| Strong Seller's Market | ||
Recently prices in this zip have settled at a plateau even though they dipped this week. 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 |
|---|---|---|---|---|---|---|---|---|
| $1,750,000 | 4,516 | 6,500 - 8,000 sqft | 12 | 4 | 111 | 0 | 0 | 392 |
| $1,690,000 | 2,526 | 6,500 - 8,000 sqft | 4 | 3 | 101 | 0 | 0 | 182 |
| $749,900 | 2,376 | 4,500 - 6,500 sqft | 3 | 5 | 100 | 0 | 1 | 49 |
| $699,000 | 845 | 0 - 4,500 sqft | 5 | 3 | 100 | 0 | 0 | 42 |