RE/MAX Accord's Market Report

Oakland, CA 94608

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Oakland, CA 94608

Tue Jul 16 2024
This week the median list price for Oakland, CA 94608 is $800,000 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has increased to 25. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Oakland, CA 94608

Tue Jul 16 2024
This week the median list price for Oakland, CA 94608 is $800,000 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has increased to 25. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Oakland market.
Median List Price $800,000
Median Price of New Listings $824,500
Per Square Foot $613
Average Days on Market 89
Median Days on Market 35
Price Decreased 40%
Price Increased 4%
Relisted 8%
Inventory 25
Median Rent
Market Action 41
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
$987,607 1,740 0 - 4,500 sqft 3 2 117 1 1 10
$888,500 1,256 0 - 4,500 sqft 3 2 114 1 0 28
$787,500 1,283 0 - 4,500 sqft 2 2 109 0 0 73
$699,000 1,199 0 - 4,500 sqft 3 2 114 2 0 63