Oakland, CA Home Values & Market Trends
Real estate market trends reflect that there have been 3,037 transactions over the past year in Oakland. The median value for residential home transactions that occurred over the previous year is $810,166.14. The number of current listings in Oakland is 289, and the percentage of properties for sale in the city is 289.00%. Oakland, CA currently has 379 properties in foreclosure, 57 bank owned properties, 74 properties headed for auction, and 289 properties for sale.
Oakland, CA Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 94605 | $ 778,250 $ 482/sqft | 94610 | $ 1,193,265 $ 733/sqft |
| 94611 | $ 1,577,500 $ 715/sqft | 94618 | $ 1,518,625 $ 771/sqft |
| 94607 | $ 722,000 $ 576/sqft | 94606 | $ 673,000 $ 599/sqft |
| 94602 | $ 1,075,500 $ 664/sqft | 94609 | $ 887,136 $ 672/sqft |
| 94619 | $ 829,625 $ 615/sqft | 94612 | $ 974,250 $ 484/sqft |
| 94601 | $ 639,000 $ 546/sqft | 94666 | $ -- $ -- |
| 94603 | $ 550,000 $ 504/sqft | 94615 | $ -- $ -- |
| 94621 | $ 498,500 $ 464/sqft |
Housing Market Summary for Oakland, CA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $798K | $820.2K | 2.78% |
| Median Sold Price | $883.3K | $820.2K | -7.14% |
| Homes For Sale | 158 | 245 | 55.06% |
| Homes Sold | 2,401 | 2,222 | -7.46% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Oakland, CA
Browse Homes in Oakland, CA
Oakland home values range from $117,071 to $6,895,000. The median estimated value of a home in Oakland is $810,166.14. The median list price of a home is 754,500, and the total count of properties in the city is 91,601.
- Pre-ForeclosurePre-foreclosure homes account for 0.27% of all residential properties in Oakland, CA with 94605 containing 54 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 15 zips within Oakland, CA; of those zips, the estimated home value for pre-foreclosure homes ranges from $1,930,000 in 94611 to the lowest home value of $351,500 in 94607.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Oakland, CA ranges from the highest value of $1,240,750 in 94609 to the lowest value of $305,000 in 94601. Bank owned homes and properties account for 0.06% of properties in Oakland, CA. There are 15 zips within Oakland, CA; 94605 containing 15 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions94605 has 15 auction properties, the highest number of properties going to auction in a single zip in the state of Oakland, CA. Auction homes and other auction properties account for 0.08% of all properties in Oakland, CA. There are 15 zips within Oakland, CA; of those zips, the median estimated home value for homes going to auction ranges from $1,256,250 in 94609 to the lowest value of $381,900 in 94609.
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Guide for Oakland, CA
In the past year, California’s real estate market has seen a moderate rise in property values, reflecting enduring confidence despite some fluctuations, with particular note on per square foot value increases and transactional stability across the diverse county markets.
Oakland’s real estate market, along with its neighboring cities, experienced a peak in 2023 but slowly began to cool off in 2024.
This blog post discusses the dynamic real estate trends in Bakersfield, noting fluctuations in property values, sale prices, and activity levels. It also highlights differences in nearby cities, showcasing diverse market conditions shaped by localized factors and broader economic trends.
Anaheim, CA’s real estate trends show consistent growth in property values, latest data shows.
