163 homes in near Melrose Leadership Academy
Homes for Sale near Melrose Leadership Academy
Oakland, CA
About Homes near Melrose Leadership Academy
About Oakland: Melrose Leadership Academy is located in Oakland. 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.
These are homes for sale within about 2 miles of Melrose Leadership Academy in Oakland (Topfind School Score: 6/10). The area around the school has 168 active listings.
Melrose Leadership Academy Area Market Pulse
Topfind Market Read
Sellers hold the edge right now. Sale prices are up 18% over the last six months and 2% over the past year, and there is only 2.8 months of supply. At the same time, 24% of listings have taken a price cut, 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
$650K
↑ 2% 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
2.8 months of supply
Tight Supply168 active listings against the current sales pace works out to about 2.8 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 ~45 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 38% faster than six months ago.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in Melrose Leadership Academy 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 $209K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 3 → 4 bedrooms (+$301K)
Price Reductions
41 listings have reduced their price
24% of active listings
Average reduction: 8.3% (~$54K)
Melrose Leadership Academy Area Market Overview
As an elementary school, Melrose Leadership Academy operates within the Oakland Unified district. The school carries a Topfind School Score of 6. Listings on this page are selected by distance to Melrose Leadership Academy, not by a confirmed attendance boundary. Confirm enrollment with the district. The median list price in the Melrose Leadership Academy area is $650,000. Compared with Oakland overall, that is a 1.6% premium. Current inventory stands at 168 active listings. February to July saw the median price go from $750,000 to $700,000, down about 6.7%.
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Frequently Asked Questions about Homes near Melrose Leadership Academy
How many homes are for sale in Melrose Leadership Academy Area, CA?
There are currently 168 homes for sale in Melrose Leadership Academy Area, ranging from $325,000 to $5,299,000. 31 of them hit the market within the last week.
What is the median home price in Melrose Leadership Academy Area?
The median list price in Melrose Leadership Academy Area is $650,000. Price per square foot averages $523. Prices are up 2.0% compared to a year ago.
How fast do homes sell in Melrose Leadership Academy Area?
Homes in Melrose Leadership Academy Area currently average 45 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.
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