The Oakland housing market is very competitive. Homes in Oakland receive 3 offers on average and sell in around 18 days. The median sale price of a home in Oakland was $840K last month, down 7.7% since last year. The median sale price per square foot in Oakland is $571, down 7.7% since last year.
In March 2024, Oakland home prices were down 7.7% compared to last year, selling for a median price of $840K. On average, homes in Oakland sell after 18 days on the market compared to 17 days last year. There were 228 homes sold in March this year, up from 228 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$840,000
-7.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Oakland, CA
$840,000
-7.7%
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 103% higher than the national average. Overall cost of living in Oakland is 39% 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.
How hot is the Oakland housing market?
Oakland is very competitive. Homes sell in 19 days.
0
100
82
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 19 days.
Hot homes
can sell for about 16% above list price and go pending in around 12 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|
7 Weeks Ago
~$1.5M Offer
Sold for $1.75M
3bd | 2.5ba | ~2,250sqft
Over List Price
7%
Days on Market
13
Competing Offers
3
Down Payment
—
Sarah Marcus
Oakland Redfin Agent
Upper Oakmore home received four strong offers. My clients submitted an offer significantly above list price. They suspected it would not hit the mark based on comparable sales but wanted to shoot their shot. The offer was contingency-free with a 21 day closing. The sellers did not counter the offer and decided to move forward with a higher offer…
More
Offer Not Accepted|
9 Weeks Ago
~$1.25M Offer
Sold for $1.5M
3bd | 2.5ba | ~2,000sqft
Over List Price
16%
Days on Market
14
Competing Offers
7
Down Payment
—
Katy Polvorosa
Oakland Redfin Agent
This was our first offer together and my buyer wanted to be conservative with their offer.
Offer Not Accepted|
9 Weeks Ago
~$1.75M Offer
Sold for $2M
4bd | 3.5ba | ~3,000sqft
Over List Price
20%
Days on Market
14
Competing Offers
8
Down Payment
—
Christine Chang
Oakland Redfin Agent
Listing Agent informed that they received a total 8 offers. Our offer was tide up with another offer at No.3 position at $1,849,000. Client decided not to compete.…
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Lincoln Elementary School
Public • K-5 • Choice school
739
Students
10 reviews
9/10
Camino Pablo Elementary School
Public • K-5
367
Students
9 reviews
9/10
Edison Elementary School
Public • K-5
469
Students
17 reviews
9/10
Beach Elementary School
Public • K-5
276
Students
3 reviews
8/10
Donald L. Rheem Elementary School
Public • K-5
410
Students
10 reviews
Only showing 5 of
100+ elementary schools.
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.
Risk Factor
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Oakland has a moderate risk of flooding. 4,433 properties in Oakland are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Oakland. Flood risk is increasing slower than the national average.
45% of properties are at risk of wildfire over the next 30 years
Fire Factor
Oakland has a moderate risk of wildfire. There are 44,753 properties in Oakland that have some risk of being affected by wildfire over the next 30 years. This represents 45% of all properties in Oakland.