Oakland Home Prices
· Single-family homes · MLS sold data
Oakland's average sold price for single-family homes was $1,097,916 over the last three months, down 4.6% compared with three months ago and up 1.3% over six months. Homes sold 20.2% over asking on average, at $650 per square foot, across 499 sales. That's the 28th highest average price of the 29 Bay Area cities on the map. Homes that sold here averaged 1,750 sq ft on lots averaging 6,329 sq ft over the last six months.
Avg sold price · 3 mo
$1,097,916
28th highest of 29 cities
Price change · 3 mo
−4.6%
1 mo +1.7% · 6 mo +1.3%
Over asking · 3 mo
+20.2%
29-city average +6.2%
$ / sq ft · 3 mo
$650
29-city average $1,064
Homes sold · 3 mo
499
single-family sales
Avg home size · 6 mo
1,750 sf
on 6,329 sf lots
3-month price changeBeyond -5%-3 to -5%-1 to -3%Within 1%+1 to +3%+3 to +5%Beyond +5%Not in the table
Oakland vs. Nearby Cities
| City | Avg sold price | 3-mo | $ / sq ft | Over asking |
|---|---|---|---|---|
| Oakland | $1,097,916 | −4.6% | $650 | +20.2% |
| San Francisco | $2,905,604 | −5.0% | $1,304 | +24.1% |
| South San Francisco | $1,389,758 | +1.2% | $934 | +11.7% |
| Hayward | $1,005,936 | −6.1% | $628 | +1.8% |
| San Ramon | $1,739,693 | −5.8% | $735 | −0.4% |
Questions About Oakland Home Prices
What is the average home price in Oakland?
$1,097,916 for a single-family home, or $650 per square foot, averaged over 499 sales in the last three months. That ranks 28th of the 29 cities on the map, among the most affordable. Over the last six months, the average home that sold had 1,750 sq ft of living space.
Are prices going up or down?
Up lately. The average sold price rose 1.7% from last month but is 4.6% below where it was three months ago. Over six months it's up 1.3%.
Are homes selling over asking?
Yes, by a lot. Homes sold 20.2% over asking on average, compared with 6.2% across all 29 cities. Well-priced homes are likely drawing multiple offers.
Where does this data come from?
These numbers come from MLS sold data for detached single-family homes, so condos and townhomes aren't included. Josh Uy, a Bay Area Realtor with Everhome Real Estate (DRE 01952401), compiles them every month for his Bay Area Market Snapshot.
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Home Prices in Other Bay Area Cities
SF & Peninsula
AthertonFoster CityHillsboroughLos AltosLos Altos HillsPacificaPalo AltoSan FranciscoSan MateoSouth San Francisco
East & South Bay
CampbellCupertinoDublinFremontHaywardLivermoreLos GatosMilpitasMorgan HillMountain ViewNewarkPleasantonSan JoseSan RamonSanta ClaraSaratogaSunnyvaleUnion City
Avg sold price, % over asking, $/sq ft and homes sold cover the last 3 months. Avg home and lot size cover the last 6 months. Price changes compare the 3-month avg sold price with the same figure 1, 3 and 6 months earlier. Single-family homes only.
Source: MLS sold data via Josh's Bay Area Market Snapshot. Updated monthly by Josh Uy. See Bay Area home prices by city on the heat map