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Oakland Real Estate Prices And Market Stats

  • 332 Total For Sale
  • 74 New Listings
  • 4 Back On Market
  • 15 Price Change
  • 1 Short Sale

There are currently 332 properties for sale and Oakland real estate prices are between $199,000 and $3,495,000. The median price for homes that are currently for sale is $678,775. Homes are selling for about $538 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

$199,000
Lowest Priced

$3,495,000
Highest Priced

Avg Price/SQFT

$538

$0
Lowest

$1,708
Highest

Avg DOM

21

Oakland Residential Real Estate Analysis

April 2019 VS. April 2018

Detached Homes

Unit Sales

234 Sales 5% (222)

Median Sales Price

$800,000 -3% ($824,948)

Avg $/sqft

$593 6% ($557)

Average Days On Market

26 14% (23)

Selling/listing Price

113% -3% (117%)

Condos

Unit Sales

48 Sales -20% (60)

Median Sales Price

$644,500 -3% ($664,500)

Avg $/sqft

$675 12% ($601)

Average Days On Market

23 50% (15)

Selling/listing Price

107% -3% (110%)

Townhomes

Unit Sales

5 Sales -50% (10)

Median Sales Price

$835,000 13% ($737,500)

Avg $/sqft

$574 7% ($537)

Average Days On Market

16 -10% (18)

Selling/listing Price

114% 4% (110%)

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

49.50 sold/week

total Currently for sale

269

Absorption Rate

5.43 weeks

Condos

Sales per Week

11.08 sold/week

total Currently for sale

53

Absorption Rate

4.78 weeks

Townhomes

Sales per Week

2.08 sold/week

total Currently for sale

7

Absorption Rate

3.36 weeks

All

Sales per Week

62.92 sold/week

total Currently for sale

332

Absorption Rate

5.28 weeks

Oakland Real Estate Price trends

Key Insights
  • The monthly median selling price is on a 1 month price trend where property prices have increased 4%

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 $1,361,500 2,304 13 1945 0 184 Most Expensive 25% of properties
Upper/Second $850,000 1,545 13 1943 0 183 Upper-middle 25% of properties
Lower/Third $625,000 1,262 14 1946 0 183 Lower-middle 25% of properties
Bottom/Fourth $450,000 1,033 23 1940 0 183 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 (184) 1,865 - 5,317 $516 $1,250,000 14 1949
Upper-middle 25% sqft (183) 1,291 - 1,857 $566 $800,000 14 1939
Lower-middle 25% sqft (183) 1,026 - 1,286 $608 $670,000 13 1939
Smallest 25% sqft (183) 1 - 1,026 $10,300 $510,000 15 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
Apr/2019 $679,000 14 $606 112.63%
Mar/2019 $699,000 14 $7,104 109.79%
Feb/2019 $624,500 14 $541 109.45%
Jan/2019 $615,000 31 $536 103.76%
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%
May/2018 $694,995 13 $604 115.20%
Apr/2018 $670,000 13 $566 115.35%

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 2 $444,500 $444,500 472 $960 $960
1 17 $599,000 $597,376 913 $662 $677
2 25 $699,000 $743,796 1,250 $603 $604
3 6 $487,400 $528,100 1,076 $444 $514
4 3 $1,372,445 $1,373,982 3,125 $442 $441
all 53 $625,000 $696,789 1,199 $608 $622

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 3 $495,000 $416,333 768 $546 $544
2 81 $570,000 $595,011 1,007 $564 $584
3 100 $682,000 $786,537 1,510 $486 $512
4 55 $995,000 $1,127,846 2,272 $464 $484
5 23 $1,200,000 $1,547,391 3,285 $404 $465
6 4 $1,031,850 $1,409,650 2,892 $468 $462
7 1 $799,000 $799,000 3,037 $263 $263
8 1 $849,900 $849,900 3,420 $248 $249
all 269 $714,900 $868,244 1,691 $499 $521

Loft

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
1 1 $599,000 $599,000 985 $608 $608
2 2 $737,000 $737,000 1,161 $645 $645
all 3 $725,000 $691,000 1,102 $608 $633

Townhouse

Bedrooms Active Listings Median Price Avg Price Avg Sqft Median Cost/foot Avg Cost/foot
2 1 $539,950 $539,950 954 $565 $566
3 5 $889,880 $856,576 1,641 $479 $515
4 1 $825,000 $825,000 2,269 $363 $364
all 7 $825,000 $806,833 1,632 $479 $500