Is Oakland, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Oakland has remained a Seller's Market.
Housing Prices in Oakland, CA
How much do homes in Oakland, CA cost?
Median Sold Price
$871,010
$608/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oakland was $871,010 in April 2024, down 3.4% from last year, and the median price per square foot was $608.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $496K | $467K | -5.8% |
2 Bedrooms | $725K | $650K | -10.3% |
3 Bedrooms | $1.0M | $980.2K | -5.6% |
4 Bedrooms | $1.4M | $1.4M | -4.6% |
5+ Bedrooms | $1.5M | $1.3M | -9.3% |
Summary: Oakland housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
Emeryville | $650K | $680K | +4.6% |
Alameda | $1.2M | $1.1M | -3.1% |
Oakland | $901.6K | $871K | -3.4% |
Piedmont | $2.6M | $2.5M | -4.4% |
Housing Supply in Oakland, CA
How many homes are available in Oakland, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
737 | 906 | +22.9% |
Summary: The Oakland real estate market had 906 homes for sale in April 2024, a 22.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 87 | 109 | +25.3% |
2 Bedrooms | 216 | 258 | +19.4% |
3 Bedrooms | 246 | 314 | +27.6% |
4 Bedrooms | 143 | 161 | +12.6% |
5+ Bedrooms | 45 | 64 | +42.2% |
Summary: The Oakland housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25.3%, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 12.6%, and 5+ bedroom homes increased by 42.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
198 | 211 | +6.6% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
143 Homes Were Sold
Over Asking
Summary: A total of 211 homes were sold or pending in Oakland in April 2024, up by 6.6% month-over-month. Of the 195 sold homes, 15% were sold under asking, 11% were sold at asking, and 73% were sold over asking.
Days on Market for Oakland, CA
How long does it take to sell a home in Oakland, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 26 Days | +4.8% |
Summary: Homes in Oakland had an average of 26 days on market in Apr 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
151 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 211 homes were sold in Oakland; 72% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.