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Oakland Real Estate Prices And Market Stats

  • 382 Total For Sale
  • 86 New Listings
  • 7 Back On Market
  • 24 Price Change
  • 1 Short Sale

There are currently 382 properties for sale and Oakland real estate prices are between $240,000 and $2,980,000. The median price for homes that are currently for sale is $678,775. Homes are selling for about $537 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.

Median Price

$678,775

$240,000
Lowest Priced

$2,980,000
Highest Priced

Avg Price/SQFT

$537

$0
Lowest

$1,161
Highest

Avg DOM

16

Oakland Residential Real Estate Analysis

June 2019 VS. June 2018

Detached Homes

Unit Sales

225 Sales -16% (269)

Median Sales Price

$871,667 -0% ($875,333)

Avg $/sqft

$594 1% ($588)

Average Days On Market

21 -5% (22)

Selling/listing Price

114% -2% (116%)

Condos

Unit Sales

55 Sales -8% (60)

Median Sales Price

$695,000 9% ($636,500)

Avg $/sqft

$659 2% ($649)

Average Days On Market

22 47% (15)

Selling/listing Price

106% -4% (110%)

Townhomes

Unit Sales

9 Sales -25% (12)

Median Sales Price

$825,000 12% ($737,500)

Avg $/sqft

$538 12% ($480)

Average Days On Market

16 7% (15)

Selling/listing Price

107% -2% (109%)

Oakland Sales Rate (Absortion Rate)

This is a measure, in weeks, of how long it would take to sell all of the existing properties currently for sale in Oakland based on the recent historic rate of sales. It is calculated by dividing the number of active listings by the run-rate of sales for properties in Oakland over the last months years. It does not account for seasonal variance, which can be significant. Normally the run rate will accelerate in the spring/summer and slow down in the fall/winter. This means that in a "normal year" the trends will slightly over state the index in the spring/summer and understate it in the fall/winter. Basically, this measure attempts to place the current inventory into the context of whether it is a Buyer's, Seller's or Balanced market. Buyer's market is over 16 weeks and a seller's market is under 16 weeks.

Detached Homes

Sales per Week

61.33 sold/week

total Currently for sale

290

Absorption Rate

4.73 weeks

Condos

Sales per Week

14.58 sold/week

total Currently for sale

75

Absorption Rate

5.14 weeks

Townhomes

Sales per Week

2.08 sold/week

total Currently for sale

14

Absorption Rate

6.72 weeks

All

Sales per Week

78.58 sold/week

total Currently for sale

382

Absorption Rate

4.86 weeks

Oakland Real Estate Price trends

Key Insights
  • The monthly median selling price is on a 3 month price trend where property prices have increased 14%

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 $1,450,000 2,373 13 1947 0 230 Most Expensive 25% of properties
Upper/Second $905,000 1,551 13 1945 0 229 Upper-middle 25% of properties
Lower/Third $677,000 1,230 13 1949 0 229 Lower-middle 25% of properties
Bottom/Fourth $475,000 1,013 18 1939 0 229 Least expensive 25% of properties

Oakland Price Per Square Foot 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 Home SQFT Price 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 Avg Year Built
Largest 25% sqft (230) 1,855 - 5,837 $552 $1,300,000 13 1951
Upper-middle 25% sqft (229) 1,316 - 1,851 $600 $860,000 13 1942
Lower-middle 25% sqft (229) 1,028 - 1,316 $631 $706,000 13 1941
Smallest 25% sqft (229) 476 - 1,027 $651 $525,000 16 1946

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.

Date Median Price DOM Avg $/sqft Sales Ratio
Jun/2019 $749,000 13 $605 112.26%
May/2019 $699,000 13 $612 113.37%
Apr/2019 $660,000 14 $605 112.50%
Mar/2019 $699,000 14 $7,079 109.76%
Feb/2019 $624,500 14 $541 109.45%
Jan/2019 $615,000 30 $534 103.69%
Dec/2018 $649,000 20 $562 105.91%
Nov/2018 $699,000 15 $552 109.19%
Oct/2018 $677,000 14 $578 111.31%
Sep/2018 $688,000 14 $8,082 111.44%
Aug/2018 $699,000 14 $7,357 113.60%
Jul/2018 $635,000 14 $575 114.35%
Jun/2018 $699,950 14 $595 115.17%

Complete Residential Inventory

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

Condo

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
0 7 $359,000 $384,571 414 $783 $719
1 23 $557,880 $555,358 847 $669 $662
2 34 $654,975 $661,497 1,146 $542 $583
3 8 $594,000 $590,700 1,209 $452 $503
4 3 $1,399,500 $1,439,978 3,125 $442 $460
all 75 $625,000 $626,689 1,072 $591 $607

Detached - Single Family Homes

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
0 1 $549,950 $549,950 1,392 $395 $395
1 8 $494,000 $484,500 704 $639 $715
15 1 $2,000,000 $2,000,000 12,800 $156 $156
2 69 $589,425 $605,472 1,034 $553 $590
3 124 $699,000 $770,742 1,524 $479 $511
4 69 $989,000 $1,132,403 2,342 $449 $473
5 14 $1,137,500 $1,357,643 3,041 $417 $443
6 3 $1,199,000 $1,024,333 2,653 $366 $391
7 1 $1,795,000 $1,795,000 3,624 $495 $495
all 290 $699,000 $847,539 1,710 $489 $520

Duet

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 1 $1,295,000 $1,295,000 2,607 $496 $497
all 1 $1,295,000 $1,295,000 2,607 $496 $497

Loft

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 2 $694,500 $694,500 1,038 $668 $668
all 2 $694,500 $694,500 1,038 $668 $668

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
1 2 $667,500 $667,500 1,344 $497 $497
2 4 $895,000 $897,488 1,537 $669 $645
3 6 $744,440 $742,313 1,719 $448 $418
4 2 $872,475 $872,475 2,464 $354 $354
all 14 $869,915 $794,556 1,720 $469 $485