RE/MAX Accord's Market Report

Oakland, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Oakland, CA

Thu Feb 21 2019
This week the median list price for Oakland, CA is $649,000 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has held steady at or around 280. Click here to stay informed with the Oakland market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Oakland, CA

Thu Feb 21 2019
This week the median list price for Oakland, CA is $649,000 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has held steady at or around 280. Click here to stay informed with the Oakland market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $649,000
Per Square Foot $466
Days on Market 76
Price Decreased 25%
Price Increased 9%
Relisted 23%
Inventory 280
Median House Rent $2,800
Most Expensive $3,495,000
Least Expensive $235,000
Market Action Index
Strong Seller's Market
49

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,183,444 2,234 4,500 - 6,500 sqft 4 3 83 20 11 73
$749,944 1,533 4,500 - 6,500 sqft 3 2 95 20 12 83
$549,000 1,201 0 - 4,500 sqft 3 2 95 19 9 81
$417,497 1,002 0 - 4,500 sqft 2 2 94 12 8 69