RE/MAX Accord's Market Report

Oakland, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Oakland, CA

Thu Nov 14 2019
This week the median list price for Oakland, CA is $749,500 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has held steady at or around 353. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 Nov 14 2019
This week the median list price for Oakland, CA is $749,500 with the market action index hovering around 52. This is less than last month's market action index of 53. Inventory has held steady at or around 353. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 $749,500
Per Square Foot $492
Days on Market 66
Price Decreased 26%
Price Increased 8%
Relisted 16%
Inventory 353
Median Rent $3,000
Most Expensive $7,150,000
Least Expensive $249,000
Market Action 52
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change 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
$1,395,000 2,804 4,500 - 6,500 sqft 4 3 77 9 17 50
$886,900 1,630 4,500 - 6,500 sqft 3 2 89 18 16 61
$633,944 1,253 0 - 4,500 sqft 3 2 93 13 22 80
$470,000 1,031 0 - 4,500 sqft 2 2 94 7 17 72