RE/MAX Accord's Market Report
Oakland, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
Oakland, CA
Fri Apr 19 2019
This week the median list price for Oakland, CA is $699,000 with the market action index hovering around 57. This is an increase over last month's market action index of 52. Inventory has held steady at or around 263.
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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $699,000 | |
| Per Square Foot | $511 | |
| Days on Market | 62 | |
| Price Decreased | 24% | |
| Price Increased | 7% | |
| Relisted | 13% | |
| Inventory | 263 | |
| Median House Rent | $2,900 | |
| Most Expensive | $3,680,000 | |
| Least Expensive | $235,000 | |
| Market Action Index Strong Seller's Market | 57 |
Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,295,000 | 2,336 | 4,500 - 6,500 sqft | 4 | 3 | 68 | 15 | 18 | 47 |
| $849,000 | 1,515 | 0 - 4,500 sqft | 3 | 2 | 93 | 22 | 19 | 81 |
| $599,000 | 1,167 | 0 - 4,500 sqft | 3 | 2 | 96 | 13 | 17 | 67 |
| $444,450 | 1,013 | 0 - 4,500 sqft | 2 | 2 | 94 | 18 | 22 | 54 |