94608 Housing Market
Median List Price
$588,888
Updated August 2026
Today, the 94608 ZIP code in Oakland, CA has 47 homes for sale at a median list price of $588,888, typically selling in about 92 days.
94608 Housing Market Overview
Homes in the 94608 ZIP code carry a median list price of $588,888. Compared with Oakland overall, that is a 5.8% discount. The median price moved from $635,000 in February to $610,000 in July, a 3.9% decrease over six months. Right now 47 homes are on the market in the 94608 ZIP code. Five bedroom homes carry the highest medians at $948,975, with one bedroom homes starting the range at $475,000.
94608 Area Market Pulse
Topfind Market Read
The picture is mixed here. Supply sits at 3.1 months, roughly in step with demand, yet the typical home takes about 92 days to sell, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$589K
Chart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
3.1 months of supply
Balanced Supply47 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~92 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 24% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 57% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 94608 Area
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)
Median Price by Bedroom
Home prices increase with bedroom count, though premiums vary by size.
Each additional bedroom adds about $119K in value on average.
Largest increase: 4 → 5 bedrooms (+$150K)
Price Reductions
11 listings have reduced their price
23% of active listings
Average reduction: 6.8% (~$40K)
Browse 94608 Listings
Frequently Asked Questions about the 94608 Housing Market
What is the median home price in the 94608 ZIP code?
The median list price in the 94608 ZIP code is $588,888 as of August 2026, based on 47 active listings.
Is the 94608 ZIP code a buyer's market or a seller's market?
The 94608 ZIP code currently reads as a buyer's market. Active inventory works out to about 3.1 months of supply at the recent sales pace.
How fast do homes sell in the 94608 ZIP code?
The average home currently for sale in the 94608 ZIP code has been on the market for 92 days.
How many homes are for sale in the 94608 ZIP code?
There are 47 homes for sale in the 94608 ZIP code right now, including 8 listed within the last week.