ZIP 94611, Oakland Housing Market · 2026

Data through May 2026 · Part of the Oakland housing market

ZIP 94611, Oakland Market Snapshot

ZIP 94611 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 145 homes sold in May 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through May 2026

SalesWhat are homes selling for?
Median Sale Price
$1.50M
· Up 0.0% from May 2025
Up $0 from May 2025
Homes Sold
145
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$9,323/mo
6.49% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$7,577
  • Property Tax$1,563
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
14 days
· Same as May 2025
Homes sell in a week or two
Sale-to-List Ratio
123.9%
Up from 116.0% in May 2025
Selling 24% above asking
% Sold Over Asking
83%
83% of homes sold above their asking price
Active Listings
64
Down 43.4% from May 2025
About 0.4 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in 94611, Oakland.

Median Sale Price
Roughly flat year-over-year in 94611, Oakland. Based on 145 sales in the most recent month.
Homes Sold
16% more homes sold than a year ago in 94611, Oakland.
Total Monthly Payment
Estimated monthly cost is down 3% from a year ago in 94611, Oakland, 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 ZIP 94611

Is now a good time to buy in ZIP 94611?

ZIP 94611 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 ZIP 94611 home prices compare to the Bay Area average?

At $1.50M, ZIP 94611's median sits about 19% below the Bay Area average of $1.85M. That average is skewed high by ultra-premium peninsula enclaves like Atherton and Woodside, so a more useful frame is that ZIP 94611 is one of the more accessible corners of the Bay Area.

Within Oakland, this area trades about 62% above the city-wide median of $928K.

By home type:

  • Single-family homes at $1.60M
  • Condos at $400K
What price range should I budget for in ZIP 94611?

Prices in ZIP 94611 depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $1.60M
  • Condos at $400K

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 ZIP 94611 for buyers?

ZIP 94611 is one of the Bay Area's more competitive markets:

  • Homes sell about 24% above asking on average
  • 83% close above list price
  • 14 days typical time to go pending

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 ZIP 94611 home?

At $1.50M with 20% down at 6.49%, your estimated total monthly cost is approximately $9,323:

  • $7,577 principal and interest
  • $1,563 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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