Is Oakland, CA 94617 a buyer’s or seller’s market?
Oakland is a seller’s market. With about 1.9 months of supply and 60% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Oakland housing market right now
In the three months ending August 31, 2026, 60% of homes in Oakland, CA 94617 sold above their list price, the typical home went under contract in 36 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 57%, homes sold faster (50 days then) and the median sale price rose 30% to $1,189,485. Overall, Oakland is more competitive than a year ago, so tougher for buyers.
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Questions about Oakland real estate
Is Oakland a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Oakland, CA 94617 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Oakland?
The typical home went under contract in 36 days in the latest three months.
Do homes in Oakland sell over asking?
60% of homes sold above their original list price, and the typical sale closed at 106.7% of the list price.
What is the median home price in Oakland?
The median sale price was $1,189,485 in the three months ending August 31, 2026, about $515 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology