Your Real Estate Market Update

Oakland, CA 94607

Single-Family Homes

The Most Powerful Market Insights from Arcus Homes



Oakland, CA 94607

Sun Apr 14 2024
This week the median list price for Oakland, CA 94607 is $749,500 with the market action index hovering around 31. This is less than last month's market action index of 35. Inventory has decreased to 16. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Oakland, CA 94607

Sun Apr 14 2024
This week the median list price for Oakland, CA 94607 is $749,500 with the market action index hovering around 31. This is less than last month's market action index of 35. Inventory has decreased to 16. 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.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $749,500
Median Price of New Listings $825,000
Per Square Foot $509
Average Days on Market 67
Median Days on Market 49
Price Decreased 31%
Price Increased 0%
Relisted 6%
Inventory 16
Median Rent
Market Action 31
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, 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
$899,000 1,867 0 - 4,500 sqft 4 2.5 132 0 1 49
$799,500 1,413 0 - 4,500 sqft 3 2.8 87 1 0 66
$717,500 1,562 0 - 4,500 sqft 3 2.5 132 0 0 45
$599,500 1,287 0 - 4,500 sqft 3 2 86 0 1 63