Is Oakland, CA 94618 a buyer’s or seller’s market?

The Oakland housing market right now

In the three months ending August 31, 2026, 76% of homes in Oakland, CA 94618 sold above their list price, the typical home went under contract in 20 days and there was 1 month of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 47 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 63%, homes sold more slowly (14 days then) and the median sale price held steady to $1,611,803. Overall, Oakland is more competitive than a year ago, so tougher for buyers.

Within Alameda County, homes here sell faster than in 52% of the county’s ZIP codes, and sell more often over asking than in 85%. On our competition score, Oakland ranks #22 of 1,069 CA ZIP codes with enough sales (score 96 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.