Single-Family Homes
Fri Jul 26 2024
This week the median list price for Oakland, CA 94612 is $838,000 with the market action index hovering around 22. This is less than last month's market action index of 24. Inventory has increased to 3.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
While prices have recently plateaued, this is a buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.
Median List Price | $838,000 | |
Median Price of New Listings | $799,000 | |
Per Square Foot | $337 | |
Average Days on Market | 138 | |
Median Days on Market | 154 | |
Price Decreased | 67% | |
Price Increased | 0% | |
Relisted | 33% | |
Inventory | 3 | |
Median Rent | ||
Market Action | 22 | |
Slight Buyer's Advantage |
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
$975,900 | 2,985 | 4,500 - 6,500 sqft | 6 | 3 | 120 | 0 | 0 | 154 |
$838,000 | 2,482 | 0 - 4,500 sqft | 5 | 3 | 103 | 0 | 0 | 259 |
$799,000 | 1,586 | 0 - 4,500 sqft | 4 | 2 | 121 | 1 | 0 | 0 |