DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
Data through Jul 2026
Oakland favors sellers and competition is intensifying. Here's the picture:
Based on 814 homes sold in the 3 months ending July 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.
Data through July 2026
See how prices, monthly costs, and mortgage rates have moved in Oakland.
Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.
The median sale price in Oakland is $850K — down 6% from $909K in September 2021. Over that stretch, the median peaked at $980K in June 2022 and bottomed at $700K in February 2026. That's right in line with the area's 5-year average of $839K. Each point is the median of a rolling 3-month window of closings, so the curve runs smoother than any single month; the multi-year direction is the signal.
What buyers actually pay has moved more than the sticker price suggests: a typical monthly payment (20% down, principal & interest) is about $4,368 today, up 42% from $3,068 in September 2021. Most of that increase comes from mortgage rates (3.0% then vs. 6.7% now), not prices — at September 2021 rates, today's median would run about $2,869/mo.
Seasonally, the three months ending in August have been the busiest stretch for closings in Oakland over the past 5 years (about 905 sales in that window on average, vs. 601 for the stretch ending in February), while competition has run hottest in the stretch ending in May (68% of homes selling over asking on average). That's an average across just 5 observations per month, so treat it as a tendency, not a rule.
Oakland favors sellers and competition is intensifying. Buyers should prepare strong offers and expect limited room to negotiate on well-priced listings.
At $850K, Oakland's median sits about 53% below the Bay Area average of $1.80M. Oakland is among the most accessible parts of the Bay Area.
By home type:
Prices in Oakland depend heavily on home type and specific neighborhood. Median sale prices by type:
Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.
Oakland currently favors sellers:
Buyer strategy: well-priced homes still move quickly, but there is modest room for strong offers. Come in pre-approved with a clear plan.
At $850K with 20% down at 6.71%, your estimated total monthly cost is approximately $5,459:
HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.
→“Mel did an amazing job helping us buy our first home. When we first met her, we had done literally zero of the steps needed to buy a house, and 28 days later we closed.”
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“Mel did an incredible job helping me find and purchase my first home! She was very responsive, professional, and knowledgeable.”
“Working with Mel was a fantastic experience from start to finish. We were immediately impressed by her active listening and her ability to translate our needs.”
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