Range Homes Market Report

Oakland, CA

Single-Family Homes

925-226-8586 | www.rangehomes.com | DRE# 02111757



Oakland, CA

Sat Dec 03 2022
This week the median list price for Oakland, CA is $849,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has decreased to 354. 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

Sat Dec 03 2022
This week the median list price for Oakland, CA is $849,000 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has decreased to 354. 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 $849,000
Median Price of New Listings $765,000
Per Square Foot $572
Average Days on Market 72
Median Days on Market 56
Price Decreased 44%
Price Increased 6%
Relisted 10%
Inventory 354
Median Rent
Market Action 46
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
$1,670,000 2,595 4,500 - 6,500 sqft 4 3 71 8 18 42
$932,000 1,608 0 - 4,500 sqft 3 2 97 7 16 49
$700,000 1,310 0 - 4,500 sqft 3 2 98 13 21 56
$499,950 958 0 - 4,500 sqft 2 1 97 12 20 70