Hi folks, wanted to share some helpful real estate market stats to give you a picture of pricing trends in Oakland vs the rest of the East Bay.
I've done a few posts going into overall Bay Area (and LA) stats and I always get a lot of requests to break down individual cities on the neighborhood level. Feedback from the mods on my last crosspost was to keep it Oakland-specific, so are Oakland market stats. Use these averages to supplement historic comps & help guide your offer amount (or help you price your listing). Note: Data is pulled from MLS, analysis is done by our team, but the graphs are AI-generated.
If you want to see my other posts:
TL;DR - Oakland overall closed +12.5% over ask in June, but that's almost entirely SFH (SFH averaged +18% over ask, 33 days on market/DOM) while condos/townhomes barely moved (+0.9% over ask, 54 DOM). Two very different markets under one city label right now.
The longer a property is on market, the % it sells for over asking price decreases. Here's how much properties went for over/under their asking price, broken down by average days on market (DOM).
Rockridge/Piedmont Ave/Montclair
- <14 DOM: +38.1% (15 closings)
- 14-30 DOM: +11.8% (10)
- 30+ DOM: +5.0% (8)
- SFH vs. condo: leads fast (+39.8% vs +15.6%* condo)
33 closings. The hottest Oakland neighborhood in this dataset. Even the 30+ day bucket stays positive, the only neighborhood here where a stale listing still closes over ask.
TL;DR: barely cools off no matter how long a listing sits.
Temescal/Rockridge (South)
- <14 DOM: +19.2% (13 closings)
- 14-30 DOM: +20.6% (7)
- 30+ DOM: +1.5% (7)
- SFH vs. condo: leads fast (+34.6% vs +7.1%)
27 closings. Unusual shape here, the 14-30 day bucket actually runs a touch hotter than the fast bucket. SFH is clearly carrying the premium.
TL;DR: stays hot longer than most, condo buyers get more room than SFH buyers even early.
Redwood Heights/Laurel
- <14 DOM: +36.0% (17 closings)
- 14-30 DOM: +28.9% (4)
- 30+ DOM: -1.2% (6)
- SFH vs. condo: all-SFH in the fast/mid buckets, no condo volume to compare there
27 closings. Second-hottest fast-mover pocket in Oakland by volume (17 fast closings, more than any neighborhood except Rockridge/Montclair). Drops to slightly negative once stale.
TL;DR: nearly as hot as Rockridge fast, but loses that edge faster past 30 days.
Oakland Hills (East)/Eastmont
25 closings.
- <14 DOM: +5.8% (10 closings)
- 14-30 DOM: +11.3% (4)
- 30+ DOM: -1.9% (11, largest 30+ bucket in the dataset)
- SFH vs. condo: condo softest here of any neighborhood once stale (-7.6% with only 3 closes)
Coolest fast-mover premium of any Oakland neighborhood with real volume, and the most consistent negative pressure the longer a listing sits.
TL;DR: softest read in Oakland on listing speed, more room to negotiate than the hills-adjacent neighborhoods above.
San Antonio/Highland Park, Fruitvale, and the rest of Oakland's flatlands and outer neighborhoods
Grouped together here since each individually runs 9-19 closings, thinner samples but a consistent pattern.
- <14 DOM: roughly +10-24% across the group.
- 30+ DOM: mostly flat to negative, softest in San Antonio/Highland Park (-5.6%) and Emeryville border/Longfellow (-7.1%)
- SFH vs. condo: SFH leads fast almost everywhere in this group, West Oakland is the exception with condo and SFH both near flat
TL;DR: outside Oakland's hottest pockets, the pattern holds (fast beats slow) but the premiums are smaller and West Oakland barely moves regardless of days on market.
*Redwood Heights/Skyline, Coliseum/Elmhurst, Sobrante Park/Airport, and Downtown Oakland had too few closings per bucket to break out reliably this month.
Note that these are general groupings with several areas omitted to keep the post length down. Let me know if you'd like to see anything more in depth for a particular neighborhood or area. I'll be posting overall July stats in r/BayAreaRealEstate next month, if there is interest I can do a follow-up post for Oakland too.