Scott Ward's Market Update

Oakland, CA 94618

Single-Family Homes

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



Oakland, CA 94618

Wed May 08 2024
This week the median list price for Oakland, CA 94618 is $1,400,000 with the market action index hovering around 68. This is an increase over last month's market action index of 59. Inventory has increased to 17. 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

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 94618

Wed May 08 2024
This week the median list price for Oakland, CA 94618 is $1,400,000 with the market action index hovering around 68. This is an increase over last month's market action index of 59. Inventory has increased to 17. 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

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 $1,400,000
Median Price of New Listings $1,186,500
Per Square Foot $776
Average Days on Market 23
Median Days on Market 7
Price Decreased 18%
Price Increased 0%
Relisted 6%
Inventory 17
Median Rent
Market Action 68
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
$2,345,000 3,302 8,000 - 10,000 sqft 4 4 29 0 0 21
$1,647,500 2,096 0 - 4,500 sqft 3 2.5 103 1 1 10
$1,337,500 1,406 4,500 - 6,500 sqft 3 2 83 2 0 7
$998,000 1,306 0 - 4,500 sqft 2 2 111 3 0 0