RE/MAX Accord's Market Report

Oakland, CA 94608

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Oakland, CA 94608

Thu Mar 23 2023
This week the median list price for Oakland, CA 94608 is $899,950 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has decreased to 13. 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

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

Thu Mar 23 2023
This week the median list price for Oakland, CA 94608 is $899,950 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has decreased to 13. 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

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 $899,950
Median Price of New Listings $1,499,000
Per Square Foot $644
Average Days on Market 71
Median Days on Market 56
Price Decreased 46%
Price Increased 8%
Relisted 8%
Inventory 13
Median Rent
Market Action 52
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$1,195,000 1,798 0.5 - 1 acre 4 3 115 1 0 14
$1,175,000 1,824 0 - 4,500 sqft 4 2 109 0 1 28
$899,000 1,408 0 - 4,500 sqft 3 2 104 0 0 56
$754,950 1,162 0 - 4,500 sqft 4 2 132 0 0 108