RealTrends Market Report

Oakland, CA

Single-Family Homes

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Oakland, CA

Wed Dec 04 2024
This week the median list price for Oakland, CA is $750,000 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has decreased to 394. 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.

Slight Seller's Advantage

Market Narrative

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

Wed Dec 04 2024
This week the median list price for Oakland, CA is $750,000 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has decreased to 394. 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.

Slight Seller's Advantage

Market Narrative

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 $750,000
Median Price of New Listings $724,000
Per Square Foot $524
Average Days on Market 92
Median Days on Market 70
Price Decreased 42%
Price Increased 7%
Relisted 11%
Inventory 394
Median Rent
Market Action 41
Slight Seller's Advantage

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
$1,399,000 2,536 6,500 - 8,000 sqft 4 3 66 6 24 70
$877,000 1,767 4,500 - 6,500 sqft 3 2 95 2 27 63
$650,000 1,200 0 - 4,500 sqft 3 1 101 4 13 56
$499,000 980 0 - 4,500 sqft 2 1 99 6 21 70