Is Oakland, CA 94605 a buyer’s or seller’s market?

The Oakland housing market right now

In the three months ending August 31, 2026, 66% of homes in Oakland, CA 94605 sold above their list price, the typical home went under contract in 24 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 96 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 47%, homes sold faster (33 days then) and the median sale price rose 9% to $759,671. Overall, Oakland is more competitive than a year ago, so tougher for buyers.

Within Alameda County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell more often over asking than in 72%. On our competition score, Oakland ranks #96 of 1,069 CA ZIP codes with enough sales (score 86 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.