Millsmont, Oakland Housing Market · 2026

Data through Jul 2026

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

Millsmont, Oakland Market Snapshot

Millsmont still favors sellers, but the market is cooling. Here's where things stand:

Based on 15 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

SalesWhat are homes selling for?
Median Sale Price
$645K
Down 12.3% from July 2025
Down $90K from July 2025
Homes Sold
15
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$4,187/mo
6.71% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$3,332
  • Property Tax$672
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
29 days
3 more days than in July 2025
Homes typically sell within a month
Sale-to-List Ratio
103.3%
Down from 104.0% in July 2025
Selling 3% above asking
% Sold Over Asking
53%
More than half of homes sold above their asking price
Active Listings
11
Down 33.0% from July 2025
About 2.1 months of supply. Moderate selection available

Market Trends

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

Median Sale Price
Down 12.3% year-over-year in Millsmont. Based on 15 sales in the last 3 months.
Homes Sold
6% 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 6.71%. 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 still favors sellers, but conditions are slowly improving for buyers. Well-priced homes move fast, and there is slightly more room to negotiate than there was a year ago.

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

At $645K, Millsmont, Oakland's median sits about 64% below the Bay Area average of $1.80M. Millsmont, Oakland is among the most accessible parts of the Bay Area.

Within Oakland, this area trades about 24% below the city-wide median of $850K.

How competitive is Millsmont, Oakland for buyers?

Millsmont, Oakland currently favors sellers:

  • Homes sell about 3% above asking on average
  • 53% close above list price
  • 29 days typical time to go pending

Buyer strategy: well-priced homes still move quickly, but there is modest room for strong offers. Come in pre-approved with a clear plan.

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

At $645K with 20% down at 6.71%, your estimated total monthly cost is approximately $4,187:

  • $3,332 principal and interest
  • $672 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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