Your Real Estate Market Update
Oakland, CA 94619
Single-Family Homes
The Most Powerful Market Insights from Arcus Homes
Oakland, CA 94619
Sat May 18 2024
This week the median list price for Oakland, CA 94619 is $899,000 with the market action index hovering around 53. This is less than last month's market action index of 59. Inventory has increased to 39.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $899,000 | |
| Median Price of New Listings | $811,000 | |
| Per Square Foot | $708 | |
| Average Days on Market | 34 | |
| Median Days on Market | 14 | |
| Price Decreased | 26% | |
| Price Increased | 3% | |
| Relisted | 5% | |
| Inventory | 39 | |
| Median Rent | ||
| Market Action | 53 | |
| Strong Seller's Market | ||
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,199,000 | 1,915 | 6,500 - 8,000 sqft | 3 | 3 | 56 | 1 | 0 | 21 |
| $995,000 | 1,671 | 4,500 - 6,500 sqft | 3 | 2.3 | 94 | 1 | 0 | 24 |
| $862,000 | 1,149 | 0 - 4,500 sqft | 3 | 2 | 97 | 3 | 1 | 10 |
| $699,500 | 1,009 | 0 - 4,500 sqft | 2 | 1.5 | 98 | 3 | 1 | 14 |