Grand Lake, Oakland Housing Market · 2026

Data through Aug 2026

Data curated by Melanie Tan, 8 Blocks Real Estate · How this data works

Grand Lake, Oakland Market Snapshot

Grand Lake is one of the most competitive markets in the Bay Area, and it's still heating up. Here's what you need to know:

Based on 11 homes sold in the 3 months ending August 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Enough to see the trend, but individual sales still move the median. Updated weekly.

Data through August 2026

SalesWhat are homes selling for?
Median Sale Price
$750K
▲ Up 41.7% from August 2025
Up $221K from August 2025
Homes Sold
11
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$5,067/mo
7.28% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$4,103
  • Property Tax$781
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
18 days
▼ 31 fewer days than in August 2025
Homes typically sell within a month
Sale-to-List Ratio
113.6%
▲ Up from 111.6% in August 2025
Selling 14% above asking
% Sold Over Asking
63%
More than half of homes sold above their asking price
Active Listings
4
▼ Down 64.2% from August 2025
About 1.2 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Grand Lake.

Median Sale Price
Up 41.7% year-over-year in Grand Lake. Based on 11 sales in the last 3 months.
Homes Sold
57% more homes sold than a year ago in Grand Lake.
Total Monthly Payment
Estimated monthly cost is up 41% from a year ago in Grand Lake, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 7.28%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about Grand Lake, Oakland

Is now a good time to buy in Grand Lake, Oakland?

Grand Lake, Oakland is one of the most competitive markets in the Bay Area. Buyers should expect to offer above asking price, be prepared to waive contingencies, and act fast. Coming in with strong financing and a clear strategy is essential.

How do Grand Lake, Oakland home prices compare to the Bay Area average?

At $750K, Grand Lake, Oakland's median sits about 58% below the Bay Area average of $1.78M. Grand Lake, Oakland is among the most accessible parts of the Bay Area.

This is close to the Oakland city-wide median of $809K.

By home type:

  • Condos at $341K
  • Single-family homes at $1.47M
What price range should I budget for in Grand Lake, Oakland?

Prices in Grand Lake, Oakland depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Condos at $341K
  • Single-family homes at $1.47M

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.

How competitive is Grand Lake, Oakland for buyers?

Grand Lake, Oakland is one of the Bay Area's more competitive markets:

  • Homes sell about 14% above asking on average
  • 63% close above list price
  • 18 days typical time to go pending
  • 23% of listings have had a price reduction

Buyer strategy: budget 5 to 10% above ask on well-priced listings, with financing pre-approved and offers ready to move quickly.

What will my total monthly cost be on a median-priced Grand Lake, Oakland home?

At $750K with 20% down at 7.28%, your estimated total monthly cost is approximately $5,067:

  • $4,103 principal and interest
  • $781 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

No noise, just a quick weekly read on what's going on in your market.

Melanie Tan
Melanie Tan
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.”
See all reviews on Zillow →

Let's Chat!

I read every message and usually reply the same day.

What brings you here?