RE/MAX Accord's Market Report

Oakland, CA 94608

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Oakland, CA 94608

Mon Jun 24 2024
This week the median list price for Oakland, CA 94608 is $835,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has decreased to 19. 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

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 94608

Mon Jun 24 2024
This week the median list price for Oakland, CA 94608 is $835,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has decreased to 19. 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

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 $835,000
Median Price of New Listings $849,000
Per Square Foot $639
Average Days on Market 98
Median Days on Market 49
Price Decreased 42%
Price Increased 0%
Relisted 5%
Inventory 19
Median Rent
Market Action 44
Slight Seller's Advantage

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
$1,025,000 1,335 4,500 - 6,500 sqft 4 3 119 1 2 14
$899,000 944 0 - 4,500 sqft 2 2 114 1 2 189
$780,000 1,306 0 - 4,500 sqft 3 2 105 1 1 91
$699,000 1,180 0 - 4,500 sqft 3 1 114 0 2 42