Millsmont, Oakland Housing Market · 2026

Data through Sep 2026

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

Millsmont, Oakland Market Snapshot

Millsmont 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 14 homes sold in the 3 months ending September 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through September 2026

SalesWhat are homes selling for?
Median Sale Price
$725K
▲ Up 9.0% from September 2025
Up $60K from September 2025
Homes Sold
14
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$4,953/mo
7.4% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$4,015
  • Property Tax$755
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
20 days
▼ 6 fewer days than in September 2025
Homes typically sell within a month
Sale-to-List Ratio
109.9%
▲ Up from 105.6% in September 2025
Selling 10% above asking
% Sold Over Asking
71%
71% of homes sold above their asking price
Active Listings
13
▼ Down 20.0% from September 2025
About 2.8 months of supply. Moderate selection available

Market Trends

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

Median Sale Price
Up 9.0% year-over-year in Millsmont. Based on 14 sales in the last 3 months.
Homes Sold
13% fewer homes sold than a year ago in Millsmont.
Total Monthly Payment
Estimated monthly cost is up 15% 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 7.4%. 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 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 Millsmont, Oakland home prices compare to the Bay Area average?

At $725K, Millsmont, Oakland's median sits about 59% below the Bay Area average of $1.77M. Millsmont, Oakland is among the most accessible parts of the Bay Area.

This is close to the Oakland city-wide median of $773K.

How competitive is Millsmont, Oakland for buyers?

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

  • Homes sell about 10% above asking on average
  • 71% close above list price
  • 20 days typical time to go pending
  • 17% 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 Millsmont, Oakland home?

At $725K with 20% down at 7.4%, your estimated total monthly cost is approximately $4,953:

  • $4,015 principal and interest
  • $755 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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