Scott Ward's Market Update
Oakland, CA 94618
Single-Family Homes
Scott Ward Real Estate | www.scottward.me | scott@scottward.me
Oakland, CA 94618
Wed Jun 04 2025
This week the median list price for Oakland, CA 94618 is $1,672,500 with the market action index hovering around 63. This is less than last month's market action index of 67. Inventory has held steady at or around 16.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
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 | $1,672,500 | |
| Median Price of New Listings | $2,698,000 | |
| Per Square Foot | $864 | |
| Average Days on Market | 42 | |
| Median Days on Market | 11 | |
| Price Decreased | 6% | |
| Price Increased | 0% | |
| Relisted | 25% | |
| Inventory | 16 | |
| Median Rent | ||
| Market Action | 63 | |
| Strong Seller's Market | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,372,500 | 4,730 | 6,500 - 8,000 sqft | 5 | 5.3 | 40 | 1 | 2 | 56 |
| $2,496,500 | 2,884 | 6,500 - 8,000 sqft | 4 | 3.8 | 85 | 2 | 1 | 35 |
| $1,495,000 | 1,979 | 4,500 - 6,500 sqft | 3 | 2 | 58 | 0 | 1 | 7 |
| $1,147,500 | 1,082 | 0 - 4,500 sqft | 2 | 1 | 109 | 0 | 1 | 10 |