Your Real Estate Market Update
Oakland, CA 94618
Single-Family Homes
The Most Powerful Market Insights from Arcus Homes
Oakland, CA 94618
Thu Nov 21 2024
This week the median list price for Oakland, CA 94618 is $1,414,500 with the market action index hovering around 57. This is an increase over last month's market action index of 55. Inventory has decreased to 12.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $1,414,500 | |
| Median Price of New Listings | $1,095,000 | |
| Per Square Foot | $774 | |
| Average Days on Market | 46 | |
| Median Days on Market | 28 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 12 | |
| Median Rent | ||
| Market Action | 57 | |
| Strong Seller's Market | ||
Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. 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 |
|---|---|---|---|---|---|---|---|---|
| $1,995,000 | 3,712 | 4,500 - 6,500 sqft | 4 | 3 | 30 | 1 | 1 | 28 |
| $1,595,000 | 2,443 | 6,500 - 8,000 sqft | 3 | 2 | 45 | 0 | 1 | 28 |
| $1,098,000 | 1,439 | 0 - 4,500 sqft | 3 | 2 | 110 | 2 | 1 | 42 |
| $1,010,000 | 1,216 | 0 - 4,500 sqft | 2 | 1 | 106 | 2 | 1 | 0 |