Scott Ward's Market Update
Oakland, CA 94608
Single-Family Homes
Scott Ward Real Estate | www.scottward.me | scott@scottward.me
Oakland, CA 94608
Tue Sep 22 2026
This week the median list price for Oakland, CA 94608 is $739,500 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has increased to 24.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.
Real-Time Market Profile
| Median List Price | $739,500 | |
| Median Price of New Listings | $898,000 | |
| Per Square Foot | $566 | |
| Average Days on Market | 66 | |
| Median Days on Market | 14 | |
| Price Decreased | 8% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 24 | |
| Median Rent | ||
| Market Action | 42 | |
| Slight Seller's Advantage | ||
This week prices in this zip code bumped up a bit but the trend of the last few weeks is generally downward. Look for an up shift in the Market Action Index before we see a significant rise in prices.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,049,000 | 1,619 | 4,500 - 6,500 sqft | 3 | 2.5 | 117 | 3 | 2 | 7 |
| $824,500 | 1,731 | 0 - 4,500 sqft | 3 | 1.5 | 109 | 3 | 0 | 3 |
| $699,000 | 1,235 | 0 - 4,500 sqft | 3 | 1 | 115 | 0 | 1 | 42 |
| $569,850 | 979 | 0 - 4,500 sqft | 2 | 1 | 116 | 1 | 0 | 28 |