Is Oakland, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oakland is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Oakland has remained a Seller's Market.

Key Takeaway

Oakland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Oakland, CA cost?

Median Sold Price

$1,000,000

$700/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$48,273(+5.1%)

Key Takeaway

Homes in Oakland have sold for 5.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $520K$518K
-0.4%
2 $759.5K$788.2K
+3.8%
3 $1.1M$1.2M
+5.2%
4 $1.6M$1.6M
0.5%
5+ $1.7M$1.8M
+5.4%

Median Sold Price Compared To Nearby Cities

Oakland
+5.1%
Piedmont
+2.6%
Emeryville
-3.2%

How many homes are available in Oakland, CA?

Number of Homes For Sale

Aug 2022Sep 2022%
567606+6.9%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 5766
+15.8%
2 185179
-3.2%
3 190206
+8.4%
4 96107
+11.5%
5+ 3948
+23.1%

Number of Homes Sold

Aug 2022Sep 2022%
195177-9.2%

Asking Price vs. Sold Price

40 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

110 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oakland, you could pay more than the asking price. 65.1% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
16 Days25 Days+49.2%

Breakdown of Home Sale Times

129 Homes Were Sold
Under 30 Days

41 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oakland are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Oakland, CA

Homes for sale in Oakland, CA have reached 606. Between August 2022 and September 2022, Oakland, CA real estate market has seen increase in the number of listings by 6.9%. While the average time on the market in September 2022 was 25 days, the median list price was $1,000,000. Listing prices have changed in this real estate market between August 2022 and September 2022: 1 bedroom properties prices decreased by 0.4%, 2 bedrooms properties became 3.8% more expensive, 3 bedrooms properties became 5.2% more expensive, prices of 4 bedrooms properties increased by 0.5%, the cost of 5 bedrooms properties went up by 5.4%. This housing market inventory have changed: the quantity of 1 bedroom homes went up by 15.8%, the quantity of 2 bedrooms homes went down by 3.2%, the quantity of 3 bedrooms homes went up by 8.4%, 4 bedrooms homes inventory increased by 11.5%, number of 5 bedrooms homes increased by 23.1%. In September 2022 more than 110 listings in Oakland, CA were sold above the asking price. During the same period more than 19 listings were sold at asking price, while more than 40 were sold below.

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