Is Oakland, CA 94603 a buyer’s or seller’s market?

The Oakland housing market right now

In the three months ending August 31, 2026, 50% of homes in Oakland, CA 94603 sold above their list price, the typical home went under contract in 35 days and there were 4.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 37 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 39%, homes sold more slowly (27 days then) and the median sale price held steady to $519,775. Overall, Oakland is more competitive than a year ago, so tougher for buyers.

Within Alameda County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell less often over asking than in 61%. On our competition score, Oakland ranks #305 of 1,069 CA ZIP codes with enough sales (score 72 out of 100).

Nearby, buyers who want less competition could look at Sunol 94586 (0% sold over asking) or Tracy 95391 (15% sold over asking), while Berkeley 94702 (90% sold over asking) and Oakland 94602 (86% sold over asking) are even more competitive.