RE/MAX Accord's Market Report

Oakland, CA 94605

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Oakland, CA 94605

Thu Mar 23 2023
This week the median list price for Oakland, CA 94605 is $797,944 with the market action index hovering around 49. This is an increase over last month's market action index of 44. Inventory has decreased to 36. 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 94605

Thu Mar 23 2023
This week the median list price for Oakland, CA 94605 is $797,944 with the market action index hovering around 49. This is an increase over last month's market action index of 44. Inventory has decreased to 36. 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 $797,944
Median Price of New Listings $862,450
Per Square Foot $558
Average Days on Market 95
Median Days on Market 81
Price Decreased 31%
Price Increased 6%
Relisted 14%
Inventory 36
Median Rent
Market Action 49
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,388,000 2,173 0.25 - 0.5 acre 3 2.5 60 0 2 49
$850,000 1,500 4,500 - 6,500 sqft 3 2 77 2 0 70
$650,000 1,361 4,500 - 6,500 sqft 3 2 98 0 1 42
$469,000 1,046 0 - 4,500 sqft 2 1 97 0 0 168