Scott Ward's Market Update

Oakland, CA 94609

Single-Family Homes

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



Oakland, CA 94609

Thu Mar 28 2024
This week the median list price for Oakland, CA 94609 is $996,500 with the market action index hovering around 50. This is an increase over last month's market action index of 46. Inventory has decreased to 8. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 94609

Thu Mar 28 2024
This week the median list price for Oakland, CA 94609 is $996,500 with the market action index hovering around 50. This is an increase over last month's market action index of 46. Inventory has decreased to 8. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 $996,500
Median Price of New Listings $854,000
Per Square Foot $766
Average Days on Market 67
Median Days on Market 49
Price Decreased 38%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 50
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. 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
$1,521,500 1,869 0 - 4,500 sqft 4 3 112 0 0 49
$1,146,500 1,332 0 - 4,500 sqft 3 2 114 0 1 98
$972,250 1,405 0 - 4,500 sqft 2 1.5 104 0 0 56
$877,000 1,851 0 - 4,500 sqft 3 1.5 107 1 3 66