Oakland, CA Housing Market
Median List Price
$639,000
Updated August 2026
Today, Oakland has 431 homes for sale at a median list price of $639,000, typically selling in about 51 days.
Oakland Market Analysis
Homes in Oakland, CA carry a median list price of $639,000. On a per square foot basis, the median runs $505. The median price moved from $750,000 in February to $800,000 in July, a 6.7% increase over six months.
The typical listing reaches pending status in about 16 days. Homes move quickly at that pace, which favors sellers and rewards buyers who come prepared. Right now 431 homes are on the market in Oakland, CA. 191 new listings came on the market in the last 30 days.
Five bedroom homes carry the highest medians at $1.1M, with one bedroom homes starting the range at $372,500. Single family homes make up about 66.6% of current inventory, with condos accounting for another 29.9%. The area spans 14 ZIP codes, including 94605, 94607, and 94611.
Oakland Rental Market
Rentals in Oakland, CA carry a median asking rent of $3,825. The median rent moved from $3,300 in February to $4,950 in July, a 50.0% increase over six months. Right now 32 rentals are on the market in Oakland, CA.
Oakland Market Pulse
Topfind Market Read
Sellers hold the edge right now. Sale prices are up 22% over the last six months and 9% over the past year, and there is only 2.6 months of supply. At the same time, homes sell in about 51 days, and 26% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$639K
↑ 9% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.6 months of supply
Tight Supply431 active listings against the current sales pace works out to about 2.6 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~51 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 31% over the last six months.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in Oakland
Renting is more common here than statewide, so this market has more rental inventory and shorter-term residents.
42%
Homeowners
58%
Renters
Homeownership is 13.5 points lower than the California average (55.5%)
173,179 households (2023)
Affordability Snapshot
Typical home cost
$4,373/mo
Actual housing expense
Affordable budget (28%)
$2,272/mo
Based on median income
Median household income
$8,114/mo
Oakland
A typical home costs about 54% of the median household's income.
For reference, lenders typically recommend spending ≤28%.
Income needed to afford a typical home comfortably
$187K/year
Assumes housing costs ≤28% of income
View cost breakdown
20% down, 7% rate, 30-yr fixed. CA averages for tax/insurance.
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $266K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$357K)
Price Reductions
111 listings have reduced their price
26% of active listings
Average reduction: 10.5% (~$67K)
Browse Oakland Listings
Frequently Asked Questions about the Oakland, CA Housing Market
What is the median home price in Oakland, CA?
The median list price in Oakland is $639,000 as of August 2026, based on 431 active listings.
Is Oakland a buyer's market or a seller's market?
Oakland currently reads as a seller's market. Active inventory works out to about 2.6 months of supply at the recent sales pace.
How fast do homes sell in Oakland?
Homes that closed in the last 90 days typically went under contract in about 16 days. The average home currently for sale has been on the market for 51 days.
Are home prices in Oakland going up or down?
The median sale price in Oakland is up about 9.0% compared with a year ago.
How many homes are for sale in Oakland, CA?
There are 431 homes for sale in Oakland right now, including 67 listed within the last week.
What is the median rent in Oakland?
The median asking rent in Oakland is $3,825 per month, across 32 active rental listings.