RE/MAX Accord's Market Report

Oakland, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Oakland, CA

Sun May 29 2022
This week the median list price for Oakland, CA is $849,000 with the market action index hovering around 74. This is less than last month's market action index of 75. Inventory has increased to 277. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Oakland, CA

Sun May 29 2022
This week the median list price for Oakland, CA is $849,000 with the market action index hovering around 74. This is less than last month's market action index of 75. Inventory has increased to 277. 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

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $849,000
Median Price of New Listings $899,000
Per Square Foot $599
Average Days on Market 32
Median Days on Market 14
Price Decreased 19%
Price Increased 5%
Relisted 8%
Inventory 277
Median Rent
Market Action 74
Strong Seller's Market

The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves 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
$1,500,000 2,285 6,500 - 8,000 sqft 4 3 83 20 18 7
$995,000 1,552 4,500 - 6,500 sqft 3 2 93 30 18 7
$715,000 1,234 0 - 4,500 sqft 3 2 100 21 17 7
$549,000 1,015 0 - 4,500 sqft 2 1 98 16 19 21