Prescott, Oakland Housing Market · 2026

Data through Jul 2026

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

Prescott, Oakland Market Snapshot

Prescott 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 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
$690K
Up 19.2% from July 2025
Up $111K 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
~$4,466/mo
6.71% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$3,564
  • Property Tax$719
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
20 days
47 fewer days than in July 2025
Homes typically sell within a month
Sale-to-List Ratio
105.2%
Up from 98.1% in July 2025
Selling 5% above asking
% Sold Over Asking
73%
73% of homes sold above their asking price
Active Listings
18
Down 13.3% from July 2025
About 3.6 months of supply. Moderate selection available

Market Trends

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

Median Sale Price
Up 19.2% year-over-year in Prescott. Based on 15 sales in the last 3 months.
Homes Sold
17% fewer homes sold than a year ago in Prescott.
Total Monthly Payment
Estimated monthly cost is up 18% from a year ago in Prescott, 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 Prescott, Oakland

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

Prescott, 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 Prescott, Oakland home prices compare to the Bay Area average?

At $690K, Prescott, Oakland's median sits about 62% below the Bay Area average of $1.80M. Prescott, Oakland is among the most accessible parts of the Bay Area.

Within Oakland, this area trades about 19% below the city-wide median of $850K.

By home type:

  • Single-family homes at $720K
  • Condos at $555K
  • Townhomes at $750K
What price range should I budget for in Prescott, Oakland?

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

  • Single-family homes at $720K
  • Condos at $555K
  • Townhomes at $750K

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 Prescott, Oakland for buyers?

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

  • Homes sell about 5% above asking on average
  • 73% close above list price
  • 20 days typical time to go pending
  • 19% 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 Prescott, Oakland home?

At $690K with 20% down at 6.71%, your estimated total monthly cost is approximately $4,466:

  • $3,564 principal and interest
  • $719 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.”
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