Millsmont, Oakland Housing Market · 2026

Data through May 2026

Millsmont, Oakland Market Snapshot

Millsmont is a balanced market and tilting gently toward buyers. A good environment for thoughtful decisions on both sides:

Based on 11 homes sold in May 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 May 2026

SalesWhat are homes selling for?
Median Sale Price
$748K
Down 9.4% from May 2025
Down $78K from May 2025
Homes Sold
11
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$4,738/mo
6.49% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$3,776
  • Property Tax$779
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
37 days
15 more days than in May 2025
Buyers have time to decide
Sale-to-List Ratio
102.4%
Down from 107.2% in May 2025
Selling at or near asking price
% Sold Over Asking
55%
More than half of homes sold above their asking price
Active Listings
11
Down 52.2% from May 2025
About 1 month of supply. Very low, limited options for buyers

Market Trends

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

Median Sale Price
Down 9.4% year-over-year in Millsmont. Based on 11 sales in the most recent month.
Homes Sold
21% fewer homes sold than a year ago in Millsmont.
Total Monthly Payment
Estimated monthly cost is down 12% from a year ago in Millsmont, 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 6.49%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about Millsmont, Oakland

Is now a good time to buy in Millsmont, Oakland?

Millsmont, Oakland is a balanced market that is tilting gently toward buyers. Both sides have reasonable leverage, contingencies are more common, and there is time to make thoughtful decisions.

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

At $748K, Millsmont, Oakland's median sits about 60% below the Bay Area average of $1.85M. Millsmont, Oakland is among the most accessible parts of the Bay Area.

Within Oakland, this area trades about 19% below the city-wide median of $928K.

How competitive is Millsmont, Oakland for buyers?

Millsmont, Oakland is a balanced market where neither side dominates:

  • Homes sell about 2% above asking on average
  • 55% close above list price
  • 37 days typical time to go pending

Buyer strategy: contingencies are more accepted, and there is time to tour and negotiate without extreme pressure.

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

At $748K with 20% down at 6.49%, your estimated total monthly cost is approximately $4,738:

  • $3,776 principal and interest
  • $779 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra.

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.”
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