45 homes in 94611
Homes for Sale in 94611
Oakland, CA
$1,595,000
FOR SALE7081 Elverton Dr, Oakland, CA 94611
4 beds · 3 baths · 2,981 sqft
About 94611 Real Estate
About Oakland: The 94611 ZIP code is in Oakland, CA. Oakland is a city in the East Bay region of the San Francisco Bay Area in the U.S. state of California. It is the county seat of and the most populous city in Alameda County, California, with a population of 440,646 in 2020. A major West Coast port, Oakland is the most populous city in the East Bay, the third most populous city in the Bay Area, and the eighth most populous city in California. It serves as the Bay Area's trade center: the Port of Oakland is the busiest port in Northern California, and the fifth- or sixth-busiest in the United States. A charter city, Oakland was incorporated on May 4, 1852, in the wake of the state's increasing population due to the California gold rush.
Today, the 94611 area has 45 homes for sale with a median listing price of $1.1M. The average price per square foot is $605.
94611 Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 1.6 months of supply, and sale prices are up 26% over the last six months and 21% over the past year. At the same time, the typical home takes about 60 days to sell, 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
$1.09M
↑ 21% 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
1.6 months of supply
Tight Supply45 active listings against the current sales pace works out to about 1.6 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 ~60 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 30% 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 94611 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
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $488K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 1 → 2 bedrooms (+$668K)
Price Reductions
8 listings have reduced their price
18% of active listings
Average reduction: 6.9% (~$76K)
94611 Housing Market Overview
Buyers in the 94611 ZIP code are looking at a median list price of $1.1M. Compared with Oakland overall, that is a 71.1% premium. Since February, the median price has moved up about 2.4% to $1.4M as of July. The 94611 ZIP code has 45 active listings on the market right now.
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Frequently Asked Questions about Homes for Sale in 94611, CA
How many homes are for sale in 94611, CA?
There are currently 45 homes for sale in 94611, ranging from $269,000 to $3,980,000. 13 of them hit the market within the last week.
What is the median home price in 94611?
The median list price in 94611 is $1,095,000. Price per square foot averages $605. Prices are up 20.7% compared to a year ago.
How fast do homes sell in 94611?
Homes in 94611 currently average 60 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
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