RE/MAX Accord's Market Report

Oakland, CA 94608

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Oakland, CA 94608

Mon May 05 2025
This week the median list price for Oakland, CA 94608 is $798,500 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 32. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Oakland, CA 94608

Mon May 05 2025
This week the median list price for Oakland, CA 94608 is $798,500 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has increased to 32. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $798,500
Median Price of New Listings $795,000
Per Square Foot $591
Average Days on Market 83
Median Days on Market 25
Price Decreased 31%
Price Increased 6%
Relisted 3%
Inventory 32
Median Rent
Market Action 38
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
$996,500 1,862 0 - 4,500 sqft 4 2.5 114 0 0 21
$812,000 1,701 0 - 4,500 sqft 3 2 115 2 1 21
$732,000 1,302 0 - 4,500 sqft 3 2 115 2 1 59
$587,000 1,037 0 - 4,500 sqft 2 1 117 1 1 14