Scott Ward's Market Update

Oakland, CA 94609

Single-Family Homes

Scott Ward Real Estate | www.scottward.me | scott@scottward.me



Oakland, CA 94609

Thu Jan 17 2019
This week the median list price for Oakland, CA 94609 is $897,900 with the market action index hovering around 65. This is an increase over last month's market action index of 59. Inventory has held steady at or around 5. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Oakland, CA 94609

Thu Jan 17 2019
This week the median list price for Oakland, CA 94609 is $897,900 with the market action index hovering around 65. This is an increase over last month's market action index of 59. Inventory has held steady at or around 5. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $897,900
Per Square Foot $650
Days on Market 49
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 5
Median House Rent $3,750
Most Expensive $1,298,888
Least Expensive $849,000
Market Action Index
Strong Seller's Market
65

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
$1,298,888 2,234 0 - 4,500 sqft 3 2 88 0 0 21
$1,200,000 1,844 4,500 - 6,500 sqft 4 2 113 1 0 0
$897,900 1,221 0 - 4,500 sqft 3 2 108 0 0 42
$862,000 1,518 0 - 4,500 sqft 3 2 100 0 1 91