Oakland Real Estate Market Activity and Trends

    Active - 374 New - 38 Active - Contingent - 14 Price Change - 10 Back on Market - 5 Active-REO - 4 Active-Short Sale - 1

Median Price

$675,000

$325,000
Lowest Priced

$3,998,000
Highest Priced

Avg $/SQFT

$542

$0
Lowest

$1,602
Highest

There are currently 374 properties for sale and Oakland real estate prices are between $325,000 and $3,998,000. The median price for homes that are currently for sale is $675,000. Homes are selling for about $542 per square foot. If you are serious about buying a home, we highly recommend setting up a market watch notification so you don't miss out.

Oakland Real Estate Price Trends

The real estate price trend chart shows the median selling prices for homes over time. A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the "noise" from random short-term price fluctuations. Use this chart with the inventory chart to determine if prices for homes will be going up or down.

Home Price Quartiles

Looking at the market in quartiles, where each quartile is 25% of home, ordered by price.

Quartile Median Price Avg. Sqft Avg. DOM Avg Year Built New Listings Total Listings
Top/First $1,500,000 2,369 10 1949 0 257 Most Expensive 25% of properties
Upper/Second $1,000,000 1,622 12 1943 0 257 Upper-middle 25% of properties
Lower/Third $746,000 1,294 13 1949 0 257 Lower-middle 25% of properties
Bottom/Fourth $525,000 1,038 18 1944 0 257 Least expensive 25% of properties

Oakland Price/SQFT Trends

The median and average square foot price trends. The square foot price is one of the best ways to get a good rough estimate of your homes worth.

Oakland Price/SQFT Quartiles

If you try to use the average cost per foot to determine the approximate fair market value (FMV) of another property, you should be careful to understand a few key issues. First, the cost per foot tends to decrease as properties increase in size. In other words, the most expensive homes in Oakland, on a cost per foot basis, will tend to be the smallest properties. This is because economies of scale make larger properties less expensive on a cost per foot basis. You should adjust the cost per foot up or down if the subject property is smaller or larger than the average sized home in Oakland. The Home SQFT Price Quartiles chart helps give you a better understanding of sqft price and home size.

Quartile (# Listings) Sqft Range Avg. Sqft Price Median Price Avg. DOM
Largest 25% sqft (257) 1,896 - 6,911 $570 $1,419,000 12
Upper-middle 25% sqft (257) 1,380 - 1,896 $616 $955,000 12
Lower-middle 25% sqft (257) 1,073 - 1,380 $645 $750,000 12
Smallest 25% sqft (257) 336 - 1,070 $676 $585,000 14

Complete Active Residential Inventory

Below is all the properties currently for sale in Alameda, sorted by number of bedrooms.

Detached

Bedrooms Active Listings Median Price Avg Price Avg SQFT Avg $/SQFT
0 1 $1,500,000 $1,500,000 3,780 $397
1 7 $455,000 $446,841 809 $494
2 64 $554,000 $620,617 1,043 $537
3 102 $799,475 $860,497 1,553 $523
4 55 $889,888 $1,065,008 2,153 $475
5 26 $1,447,000 $1,690,380 3,207 $497
6 10 $1,296,500 $1,755,400 3,407 $498
8 2 $2,399,000 $2,399,000 4,302 $549

Condo

Bedrooms Active Listings Median Price Avg Price Avg SQFT Avg $/SQFT
0 4 $366,500 $389,250 597 $706
1 72 $497,000 $518,765 819 $629
2 72 $699,000 $726,303 1,203 $583
3 14 $754,400 $786,326 1,573 $360
4 2 $1,500,313 $1,500,313 3,032 $495

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg SQFT Avg $/SQFT
2 3 $895,000 $759,967 1,204 $624
3 5 $589,000 $649,400 1,599 $409

Loft

Bedrooms Active Listings Median Price Avg Price Avg SQFT Avg $/SQFT
0 1 $549,000 $549,000 657 $836
1 3 $525,000 $538,333 972 $555

Duet

Bedrooms Active Listings Median Price Avg Price Avg SQFT Avg $/SQFT
3 2 $663,500 $663,500 1,312 $502
4 1 $649,000 $649,000 1,452 $447

Oakland Real Estate Inventory - Monthly Active, Pending and Sold Activity

The real estate inventory chart shows the relations between the total number of properties that are listed each month, placed under contract each month (pending) and sold each month. This chart is good at determining the supply and demand of properties. When trying to find trends in home prices, I look at the number of the new home listings and the current price trends.