Scott Ward's Market Update

Oakland, CA 94611

Single-Family Homes

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



Oakland, CA 94611

Fri Mar 29 2024
This week the median list price for Oakland, CA 94611 is $1,399,000 with the market action index hovering around 60. This is an increase over last month's market action index of 58. Inventory has increased to 33. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Oakland, CA 94611

Fri Mar 29 2024
This week the median list price for Oakland, CA 94611 is $1,399,000 with the market action index hovering around 60. This is an increase over last month's market action index of 58. Inventory has increased to 33. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $1,399,000
Median Price of New Listings $1,246,500
Per Square Foot $638
Average Days on Market 70
Median Days on Market 7
Price Decreased 18%
Price Increased 3%
Relisted 18%
Inventory 33
Median Rent
Market Action 60
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices 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
$2,195,000 3,570 8,000 - 10,000 sqft 4 5 20 1 1 91
$1,597,000 2,340 6,500 - 8,000 sqft 4 3 63 3 1 7
$1,346,500 2,622 6,500 - 8,000 sqft 3 3 71 4 2 7
$999,000 1,681 4,500 - 6,500 sqft 3 2 86 4 1 7