Oakland Real Estate Market Activity and Trends

    Active - 426 New - 80 Price Change - 25 Active - Contingent - 19 Back on Market - 9 Active-REO - 4 Active-Short Sale - 1

Median Price

$742,333

$299,000
Lowest Priced

$5,695,000
Highest Priced

Avg $/SQFT

$558

$0
Lowest

$1,602
Highest

There are currently 426 properties for sale and Oakland real estate prices are between $299,000 and $5,695,000. The median price for homes that are currently for sale is $742,333. Homes are selling for about $558 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 $1,467,500 2,279 12 1949 0 248 Most Expensive 25% of properties
Upper/Second $975,000 1,578 12 1942 0 248 Upper-middle 25% of properties
Lower/Third $730,500 1,299 13 1950 0 248 Lower-middle 25% of properties
Bottom/Fourth $497,000 988 17 1943 0 248 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 (248) 1,856 - 5,830 $571 $1,397,778 13
Upper-middle 25% sqft (248) 1,345 - 1,853 $610 $920,000 13
Lower-middle 25% sqft (248) 1,056 - 1,345 $652 $760,500 12
Smallest 25% sqft (248) 364 - 1,056 $648 $549,500 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 9 $498,888 $469,543 784 $539
2 97 $575,000 $658,267 1,119 $552
3 111 $799,000 $895,796 1,535 $552
4 82 $1,049,500 $1,173,725 2,304 $502
5 27 $1,498,000 $1,815,294 3,258 $525
6 8 $1,899,500 $2,170,250 3,733 $557
7 1 $5,695,000 $5,695,000 19,000 $300
8 1 $1,800,000 $1,800,000 3,700 $486

Condo

Bedrooms Active Listings Median Price Avg Price Avg SQFT Avg $/SQFT
0 8 $387,000 $423,250 708 $658
1 81 $499,000 $540,730 838 $618
2 86 $699,000 $720,481 1,138 $618
3 26 $749,900 $824,387 1,638 $432
4 2 $1,099,745 $1,099,745 2,529 $427

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg SQFT Avg $/SQFT
2 7 $474,888 $557,113 1,151 $480
3 6 $584,500 $734,500 1,598 $448
4 1 $898,000 $898,000 2,468 $364

Loft

Bedrooms Active Listings Median Price Avg Price Avg SQFT Avg $/SQFT
0 1 $549,000 $549,000 657 $836
1 4 $599,000 $592,000 1,127 $533
2 3 $650,000 $672,667 1,367 $494

Duet

Bedrooms Active Listings Median Price Avg Price Avg SQFT Avg $/SQFT
3 1 $799,000 $799,000 1,248 $640
4 1 $669,000 $669,000 1,452 $461

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.