The Oakland housing market is very competitive. Homes in Oakland receive 3 offers on average and sell in around 27 days. The median sale price of a home in Oakland was $800K last month, down 8.6% since last year. The median sale price per square foot in Oakland is $580, down 4.3% since last year.
In September 2024, Oakland home prices were down 8.6% compared to last year, selling for a median price of $800K. On average, homes in Oakland sell after 27 days on the market compared to 21 days last year. There were 205 homes sold in September this year, down from 207 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$800,000
-8.6% YoY | Sep 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Sep 2024
Growth
% YoY
Oakland, CA
$800,000
-8.6%
United States
To compare other locations to the Oakland and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Oakland's median sale price is 87% higher than the national average. Overall cost of living in Oakland is 40% higher than the national average. Learn which home features in Oakland add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
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How hot is the Oakland housing market?
Oakland is very competitive. Homes sell in 29 days.
0
100
76
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 7% above list price and go pending in around 29 days.
Hot homes
can sell for about 16% above list price and go pending in around 14 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Oakland
Explore recent offers and recently sold homes in Oakland
Recent offers
Offer Not Accepted|
5 Weeks Ago
~$700K Offer
Sold for $750K
2bd | 2ba | ~1,250sqft
Over List Price
0%
Days on Market
12
Competing Offers
3
Down Payment
~30%
Christine Chang
Oakland Redfin Agent
Listing agent informed that they received a total 3 offers and our offer is the lowest offer amount 3.
Offer Not Accepted|
12 Weeks Ago
~$1.5M Offer
Sold for $1.75M
3bd | 2.5ba | ~3,000sqft
Over List Price
11%
Days on Market
13
Competing Offers
5
Down Payment
~50%
Christine Chang
Oakland Redfin Agent
Listing agent informed me that the seller accepted the highest & best offer that was over $1.6M.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Oakland housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Oakland.
Flood Factor - Moderate
13% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Oakland has a moderate risk of flooding. 4,069 properties in Oakland are likely to be
severely affected
by flooding over the next 30 years. This represents 13% of all properties in Oakland. Flood risk is increasing slower than the national average.
32% of properties are at risk of wildfire over the next 30 years
Fire Factor
Oakland has a moderate risk of wildfire. There are 31,499 properties in Oakland that have some risk of being affected by wildfire over the next 30 years. This represents 32% of all properties in Oakland.